{"id":32392,"date":"2020-11-26T12:08:12","date_gmt":"2020-11-26T10:08:12","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=32392"},"modified":"2025-08-28T08:22:48","modified_gmt":"2025-08-28T05:22:48","slug":"us-court-rejects-creditors-bid-to-freeze-cred-assets","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/us-court-rejects-creditors-bid-to-freeze-cred-assets\/","title":{"rendered":"US court rejects creditors&#8217; bid to freeze Cred assets"},"content":{"rendered":"<p>The Delaware bankruptcy court rejected the emergency motion by Cred&#8217;s platform users to freeze its assets held on exchanges, <a href=\"https:\/\/cointelegraph.com\/news\/judge-rejects-motion-to-freeze-cred-s-crypto-assets-in-bankruptcy-case\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Cointelegraph<\/a> reports.<\/p>\n<p><!--more--><\/p>\n<p>During the November 25 hearing, Judge John Dorsey said he could not grant the motion without evidence related to the status and ownership of the crypto assets. He said the question of freezing them is expected to be considered on December 9.<\/p>\n<p>Back in September Cred <a href=\"https:\/\/forklog.com\/en\/news\/crypto-lending-platform-cred-joins-visas-fast-track-fintech-programme\">joined<\/a> Visa&#8217;s Fast Track program. On October 28 the crypto-lending platform <a href=\"https:\/\/forklog.com\/en\/news\/cred-the-crypto-lending-platform-reports-loss-of-funds-due-to-fraud\">announced<\/a> an incident that required law enforcement involvement.<\/p>\n<p>Back in November, Cred <a href=\"https:\/\/forklog.com\/en\/news\/visa-backed-crypto-lending-platform-cred-files-for-bankruptcy\">began<\/a> bankruptcy proceedings in an effort to maximise value for creditors.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Delaware bankruptcy court rejected the emergency motion by Cred&#8217;s platform users to freeze its assets held on exchanges, Cointelegraph reports.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1300,1541,26],"class_list":["post-32392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bankruptcy","tag-cred","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=32392"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32392\/revisions"}],"predecessor-version":[{"id":32393,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32392\/revisions\/32393"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=32392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=32392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=32392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}