💰New Chapter 11 Bankruptcy Filing - Cred Inc.💰

Lending platform suffers hack. Files for bankruptcy.

Cred Inc.

So this is a new one. Cred Inc. and four affiliates (the “debtors”) filed for bankruptcy in the District of Delaware on Saturday November 7, 2020. According to Crunchbase, Cred is a “decentralized lending platform that facilitates open access to credit based on Ethereum.” If we understand this correctly, the company deploys upwards of $300mm i…