Ripple (XRPUSD)

[MindlessSelf]

Even scarier it gets with Cred :(


Cred has experienced irregularities in the handling of specific corporate funds by a perpetrator of fraudulent activity that has negatively impacted Cred’s balance sheet and precipitated a law enforcement investigation into the loss of these funds. Cred is cooperating fully with law enforcement authorities in connection with the investigation into the incident. Cred is in the process of carrying out an internal accounting of its assets and assessing the impact of the incident on its current business and in consultation with legal counsel has determined to temporarily suspend all inflows and outflows of funds relating to the CredEarn program. No client personal information or other account data has been compromised.

Partner activities have been temporarily paused. During this period, users will not be able to pledge or withdraw assets, neither initiate new programs nor re-enroll in current ones.

Given the circumstances, we are unable to comment further at this time but we will undertake to provide an update within the next 2 weeks.

We sincerely apologize for the inconvenience, and we will update you as soon as possible regarding this situation.

Thanks again for your patience.

Cred Team