DeFi Startup Earnity Accused of IP Fraud in Cred Bankruptcy

In a motion to compel filed last week with the U.S. Bankruptcy Court for the District of Delaware, the trust acting in the interest of Cred lenders said that former Cred executives “secretly conspired” to form Earnity. The new DeFi company, under its beneficial owner Dominic Carosa, then purchased Cred’s electronics, computers and other assets from the trust without disclosing its ties to Cred.

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