Popular crypto-currency lender Cred Inc. filed for bankruptcy in Delaware, US. Cred, with approximately $50 to $100 million in assets and around $100-$500 million in liabilities left some of their customers uncertain and confused this week. There have been several reports on social media from Cred customers in regards to concern on whether their funds are protected and safe. The lender service have re-affirmed users that their information is secure, but fail to mention the status of user’s funds. Cred reports on Twitter:
This is unfortunate for some who may have deposited their assets prior to a suspension of inflows and outflows on October 28th. Hopefully, a comprehensive update will ease the nerves of customers who fear their coins are lost.
We urge crypto users to remain vigilant and keep companies accountable for their funds.