Ex-Cred CFO Ordered To Return Bitcoin To Crypto Co.
Law360 (February 5, 2021, 5:17 PM EST) — A Delaware bankruptcy judge on Friday ordered the former chief financial officer of bankrupt cryptocurrency investment firm Cred Inc. to turn over $4 million in bitcoin and cash after he was accused of improperly transferring millions of dollars of assets despite a California state court injunction.
During a hearing held virtually, U.S. Bankruptcy Judge John T. Dorsey issued a series of orders requiring James Alexander to return the bitcoins and other cryptocurrencies to the debtor and to submit documentation of where and to whom he transferred other digital currency assets.
“I’m going to order him to immediately, and by that I…
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