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Previous bankruptcies of big #crypto intermediaries:
* MtGox: Japan
* Quadriga: Canada
So Cred’s bankruptcy will set US precedent. Too bad Delaware hasn’t yet clarified its UCC treatment of #bitcoin. For sake of innocent customers I hope Delaware judge looks to #Wyoming precedent
— Caitlin Long 🔑 (@CaitlinLong_) November 9, 2020
Upholding the law
A wake-up call for the industry
I understand that many of our users have deposited coins with Cred
which filed for bankruptcy yesterday.
This will make it hard for many to get their coins back.
We will try to work with the trustee to see if we can help the community recover what we canhttps://t.co/PA9X9oPmBF
— Alex Mashinsky ©️ (@Mashinsky) November 8, 2020