Uphold refutes Misstatements in New York Attorney General’s Press Release Regarding Cred, LLC Fraud

Uphold has pushed back against statements from the New York Attorney General following a settlement tied to the 2020 collapse of Cred. The company says it was a victim of Cred’s fraud, citing DOJ findings, and denies any knowledge of wrongdoing. Uphold emphasized it acted quickly to halt Cred’s operations and protect users once liquidity issues were discovered.