Fraudulent Bitcoin Transfer Alleged in Cred Bankruptcy Case

Strong wound up purchasing a note from Income Opportunities by transferring the 500 bitcoin he was lending to CredEarn. A few months later, however, in July 2020, after Cred was already on the road to bankruptcy, Cred bought the note back from Strong for roughly 516 bitcoin. And then in November, Cred filed for bankruptcy, leaving most of its investors in the lurch but having compensated one of its high-profile investors and consultants.

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