logo

Former Cred CEO Sentenced to 52 Months in Prison for $150 Million Cryptocurrency Fraud

By: theblockbeats.news|2025/09/01 10:42:09

BlockBeats News, September 1st, according to Decrypt's report, a federal judge sentenced two former executives of the bankrupt crypto lending company Cred to a total of nearly eight years in prison, their actions leading to one of the most significant investor losses in the crypto industry's history. Legal experts say this ruling sets a new precedent for holding executives accountable in crypto fraud cases.

Former CEO and Co-founder of Cred LLC, Daniel Schatt, was sentenced to 52 months in federal prison, while the company's CFO, Joseph Podulka, received a 36-month sentence.

WEEX causa sensación en BlockchainRIO 2025
Escenario global de WEEX: De Singapur a Dubái

También te puede interesar

Compartir
copy

Ganadores

Últimas noticias sobre criptomonedas

14:01

「Bull Buddy」 is once again hyping up for a long position, with an average entry price of $31.97.

13:59

Kalshi has completed a $1 billion funding round at a $1.1 billion valuation

13:57

Coinbob has launched an on-chain address monitoring and copying tool for the Pacifica chain, allowing users to synchronize and earn Pacifica token rewards.

13:54

OpenMind is pleased to announce a partnership with Circle to build AI-powered payment infrastructure.

13:51

Circle announces Foundation, initial phase aims to enhance financial resilience of small businesses in the U.S.

Leer más
Comunitario
icon
icon
icon
icon
icon
icon
icon

Atención al cliente：@weikecs

Cooperación empresarial：@weikecs

Trading cuantitativo y MM：[email protected]

Programa VIP：[email protected]