Crypto-based Uphold disagrees owing $784 million to Cred’s liquidation trust

Crypto exchange Uphold has opposed owing nearly $784 million to the liquidation trust of bankrupt crypto investment company Cred, as reported by Cointelegraph.

According to Cointelegraph, on January 11, 2023, Uphold submitted a motion for removal of all counts in the suit served against the firm by Cred in June, 2022. Reportedly, in June, 2022, Cred’s liquidation trust applied for an adversary complaint against Uphold and two other affiliates.

On the basis of information by Cointelegraph, insights from the lawsuit highlighted that Cred stated about Uphold’s involvement with its co-founders to promote CredEarn.