Judge rejects motion to freeze Cred's crypto assets in bankruptcy case
Cointelegraph
Published Nov 25, 2020 11:17PM ET
Updated Nov 26, 2020 01:00AM ET
U.S. Bankruptcy Judge John Dorsey has denied an emergency motion filed by 15 customers of the embattled crypto lending firm Cred Inc. to freeze crypto assets held by the firm on exchanges amid its Chapter 11 bankruptcy proceedings.
More than one dozen of Cred’s creditors filed the emergency motion on Nov. 23, seeking to compel 21 cryptocurrency exchanges to freeze assets held by Cred on their respective platforms, including five U.S.-based exchanges.
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Written By: Cointelegraph
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