New York Attorney General Says Uphold Must Pay Over $5 Million Over CredEarn Promotion

New York Attorney General Letitia James said Uphold must pay more than $5 million to affected users over its promotion of the CredEarn crypto product. James said Uphold marketed CredEarn from January 2019 through October 2020 without disclosing risks or ensuring proper registration. Her office also said funds recovered from Cred’s bankruptcy proceedings will be returned to impacted users, adding to customer compensation tied to the product.

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