9 entries tagged “lending”.
Former CFO of the crypto lender Cred. He pleaded guilty in 2025 to wire-fraud conspiracy over Cred's misleading marketing and was sentenced to 36 months in prison.
A crypto lending program in which Gemini customers lent assets to Genesis for yield. After Genesis froze withdrawals in November 2022, ~340,000 Earn investors were locked out of ~$900M. The SEC charged both firms in January 2023; Genesis later went bankrupt and settled for $21M.
A U.S. crypto lender that, in February 2022, paid $100M to settle SEC and 32-state charges that its BlockFi Interest Accounts were unregistered securities — a first-of-its-kind action. It later froze withdrawals and filed for bankruptcy in November 2022 amid FTX exposure.
A San Francisco crypto lender (CredEarn, offered via Uphold) that collapsed into bankruptcy in November 2020 with customer losses later valued at $783M+. The DOJ said executives falsely marketed it as 'collateralized,' 'hedged,' and insured; CEO Daniel Schatt and CFO Joseph Podulka pleaded guilty.
A Singapore-based crypto lender that froze withdrawals in August 2022 amid the Terra collapse, having funneled ~$317M of user funds into Terra's Anchor Protocol and lost an estimated ~$189.7M. In May 2026, Singapore charged former CEO Zhu Juntao with six counts of fraud.
Co-founder and CEO of the crypto lender Cred. He pleaded guilty in 2025 to wire-fraud conspiracy for misleading customers about Cred's collateralization, hedging, and insurance, and was sentenced to 52 months in prison.
Co-founder and CEO of the collapsed crypto lender Voyager Digital. In 2023 the CFTC and FTC sued him for fraud — alleging he falsely marketed Voyager as a 'safe haven' with FDIC-insured deposits. He settled in 2025 (civil), accepting bans and payments.
A crypto lending platform that froze withdrawals and filed for bankruptcy in 2022. Initial bankruptcy filings cited ~$4.7 billion owed to creditors. Founder Alex Mashinsky pleaded guilty to fraud and was sentenced to 12 years.
A high-yield 'lending program' built around the BCC token (2016–2018). Per a U.S. federal indictment, founder Satish Kumbhani ran it as a Ponzi scheme that took about $2.4 billion from investors worldwide.
