( April 29, 2026, 23:28 GMT | Official Statement) -- MLex Summary: Uphold HQ will pay $5 million to investors harmed due to its promotion of a fraudulent cryptocurrency investment scheme orchestrated by Cred LLC and its chief executive officer, Daniel Schatt, New York Attorney General Letitia James said. Uphold advertised CredEarn as a reliable savings product, when in reality, Cred was making risky loans to borrowers in China with no credit histories. When Cred collapsed in 2020, thousands of Uphold’s customers across the world who had invested in CredEarn lost millions of dollars, James said.Statement follows below:...
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