Uphold promised to sue Cred on our behalf back when the bankruptcy news first broke. I don't want to pile onto them right now as they are finally showing some support for Songbird. I think they are even hosting a conference call with the CEO of Flare; saw notice of that somewhere.
The ironic thing is that if all of Cred's assets were in crypto (not stablecoins and such) back in November, they should easily have enough to cover the dollar amount values of their creditors at the time the bad news came. Customers would still miss out on capital appreciation and interest, but would easily have their dollar values covered. I was hoping for 40 cents on the dollar, but once you add accountants and lawyers, I hate to think what scraps will be left. And it is taking a long time, too. I mean, the deadline for filing a claim was 9 months ago, as I recall. Some shenanigans must be going on. Otherwise it should be simple math to figure what percentage we suckers get back.
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