Crypto firm Cred failed due diligence, set ex-UK fugitive in charge of capital raising The firm’s collapse into bankruptcy was largely due to a 'dereliction in corporate responsibility' By Wednesday March 10, 2021 7:30 am Cryptocurrency investment platform Cred unwittingly put a convicted financial criminal identified by the UK as a fugitive in charge of raising and deploying the firm’s capital before its collapse into bankruptcy, a court-appointed examiner said. An examiner’s report filed on 8 March in the US Bankruptcy Court in Wilmington, Delaware, said that Cred failed to keep reliable records, properly track customer funds, perform due diligence on the firm’s investments or uncover the “extremely worrisome past” of former Chief Capital...