@CaliforniaDFPI Are you aware of the situation with Cred (CA) 201833710065 and Cred (US) 201825010084 licensed in California to lend? They advertised comprehensive insurance covering all their loans but now have frozen all payouts and deleted reference to this insurance. #fraud
@UpholdInc There are more measured ways to show displeasure than summary execution. If your intemperate action results in tipping Cred over the edge when it might have been saved you will have harmed every creditor, the very people you claim to want to protect.
@PhotoActionTW Sorry Tim, no it doesn’t. It suggests that we were annoyed that the current situation was not disclosed to us earlier. If we had known earlier, we could have acted sooner to protect users and fewer people would have been affected. We feel very let down.
The extent of any problem at Cred was not and is not clear to us. We acted quickly out of an abundance of caution to protect our users by closing down all outgoing links into Cred and ending our relationship with the firm. We can’t say more because we don’t have the information.
@UpholdInc So you made a knee-jerk reaction because you were 'annoyed'. This was unhelpful, unnecessary and unprofessional. If it turns out that your reaction tipped Cred into bankruptcy I will hold Uphold as much to blame as Cred. Should have frozen in/outflows and investigated thoroughly.
@MattLongest6@AskUphold@UpholdInc@ihaveCred The only reassurance I can see in the email from Cred is that our data is safe - nothing about our funds. I believe you had a private message from Cred. Did they mention funds there?
@PhotoActionTW@AskUphold@UpholdInc@ihaveCred Their message does attempt to assure that our funds are safe, but it does not say why the ties were cut between uphold and cred.
Uphold says that they cut the relationship for commercial reasoning.
So now we have blame put on
1. @Youtube for conspiracy to stop crypto
2. Some small group of haters who are abusing the community strike system
3. Bitcoin SV camp because YouTubers are not calling $BSV the real #BTC 🤣
Me? Im just working on a plan to move away from the tube
@Bitcoin I am not against BCH but you do yourselves a disservice by confusing newcomers. This will eventually come back to have negative consequences so please stop calling BCH Bitcoin