Alleged Fraudulent Bitcoin Transfer in Cred Bankruptcy Case


Strong ended up buying an Income Opportunities note by transferring the 500 bitcoins he was lending to CredEarn. However, a few months later, in July 2020, when Cred was already headed for bankruptcy, Cred bought the note from Strong for around 516 bitcoins. And then in November, Cred filed for bankruptcy, shutting out most of its investors but compensating one of its top investors and consultants.