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.
WLFI's official multi-signature wallet has transferred 485 million tokens to Jump Crypto for liquidity provision.
Data: WLFI Total On-chain Holdings Surpass $900 Million
You may also like
Share
Gainers
Latest Crypto News
03:15
「Fed Whisperer」: Federal Reserve Chair nominee will meet with Trump this week, nomination may be announced before Christmas
03:15
In an Anthropic simulation test, AI Agents discovered a $4.6 million smart contract vulnerability.
03:15
The probability of "Bank of Japan 25-basis-point Rate Hike in December" on Polymarket has surged to 81%
03:15
Trump to Make Major Announcement Tomorrow at 3 AM
03:15
Japanese Government Supports Lowering Cryptocurrency Capital Gains Tax to 20%
Read more
Community
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]