Jun 10, 2021
11 min read
Get 10%+ on Your Crypto! But is it worth the risk?
Questions to ask before transferring your funds
In November 2020, Cred, a crypto lending company filed for bankruptcy. They had been offering customers 4–10% APY on their crypto deposits, then suddenly, it was gone.
Cred suffered from a series of missteps that led to losses of $80–90 million of depositor’s funds. They…
