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New York secures $5M from Uphold over CredEarn promotion

May 3, 2026
Source: crypto.news crypto.news
News Snapshot:
New York Attorney General Letitia James has secured more than $5 million from crypto platform Uphold.  Summary Uphold will pay over $5 million directly to customers affected by the failed CredEarn product. New York said CredEarn users were not told about risky lending behind advertised returns clearly. The settlement adds to New York’s wider enforcement push against crypto products and market operators. The settlement relates to Uphold’s promotion of CredEarn, a crypto savings product tied to Cred, LLC. The New York Attorney General’s office said Uphold promoted CredEarn between January 2019 and October 2020. The product was marketed to users...
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