Uphold refutes Misstatements in New York Attorney General’s Press Release Regarding Cred, LLC Fraud

This story was originally published on HackerNoon at: https://hackernoon.com/uphold-refutes-misstatements-in-new-york-attorney-generals-press-release-regarding-cred-llc-fraud.
Uphold disputes NYAG claims in its Cred settlement, stating it was a victim of fraud and acted quickly to protect users after discovering issues in 2020.
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Uphold has pushed back against statements from the New York Attorney General following a settlement tied to the 2020 collapse of Cred. The company says it was a victim of Cred’s fraud, citing DOJ findings, and denies any knowledge of wrongdoing. Uphold emphasized it acted quickly to halt Cred’s operations and protect users once liquidity issues were discovered.