cedars the third
@cedars_the_two
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Joined September 2011
It may "only" be a 80m hole 🙂 but for 6000 extremely grateful new customers and the gratitude and goodwill of the entire sector, and the public as whole, it may be good business.
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It's about restitution. Not punishment. Make us whole and all is forgiven @dschatt
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Had to Google it, "C-suite refers to the executive-level managers within a company ... include chief executive officer (CEO), chief financial officer (CFO), chief operating officer (COO), and chief information officer (CIO)." Entire CRED c-suite on the hook for PERSONAL LIABILITY
"An announcement was made to Cred employees in Oct, but the c-suite was aware of the incident in Aug. From when the fraud was discovered in Aug to notifying the team, Schatt reminded employees that they should continue to add more clients to offset the loss in assets."
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Cred disclosed all financial difficulties to potential institutional investors in August, but concealed it from private investors until 27 October! After August, Cred pushed hard for MORE loans from private creditors - increasing rates to 13% - while hiding the truth. #robbery
Tons of new investigative information coming to light about the #CredEarn fiasco. @ihaveCred and @dschatt knew long ago about the problems and have a pattern of hiding it from investors & employees.
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Leverage your genius and turn this ship around
@Mashinsky Any chance of stepping in as a trustee to help fixing the mess created by @ihaveCred and save the face of the crypto industry? After all, it may represent a good business opportunity and it would greatly benefit your company brand.
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Please help us get answers: Cred sent a very vague email. There is no mention of how much the debt shortfall is - it's between 2m to 450m, with assets between 50m to 100m. No explanation what "recent events" caused the meltdown. No details about their insurance or next steps.
Crypto lender Cred has filed for Chapter 11 bankruptcy protection by @nate_dicamillo
https://t.co/sYVQsRtTwl
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Please help us get answers: Cred sent a very vague email. There is no mention of how much the debt shortfall is - it's between 2m to 450m, with assets between 50m to 100m. No explanation what "recent events" caused the meltdown. No details about their insurance or next steps.
Cryptocurrency lending and borrowing service @ihaveCred for Chapter 11 bankruptcy in the wake of a “fraudulent incident.” https://t.co/QV4fXKHS8U
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Crypto is more than money. It's about a better future. You are a great ambassador for this brighter future. We have faith in you.
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We are watching closely
Have CRED ( @ihaveCred ) been a Ponzi scheme all along? Are Uphold ( @UpholdInc ) partly to blame for false advertisement to users? Many are uniting on Telegram awaiting more news from the company... @IvanOnTech @Nicholas_Merten Telegram Group: https://t.co/kryup9bls7
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For a class action lawsuit against #Cred @ihaveCred @ask_Cred and @UpholdInc #Uphold, pls join this TG group. We also have a private TG group to be announced later once #Cred release if the problem is solvent or insolvent. Total creditors are around 350 as of now and increasing.
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@cz_binance @binance Are you listening @dschatt @UpholdInc @ihaveCred ? This is how you react to issues concerning your company!
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