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theblockcrypto.com/genesis/85329/โ€ฆ

Cred's downfall left more questions than answers, which is, unfortunately, common in the still-nascent cryptocurrency industry. #Bitcoin

Luckily, there is a trail of online โ€˜bread crumbsโ€™ ๐Ÿžand court filings that help paint a picture. ๐Ÿ‘จโ€๐ŸŽจ
It is best to start at the inception of Libra Credit, which conducted an ICO in Q2 2018. #Ethereum

The company successfully raised $26.4M in the LBA Token offering between May 1st and May 5th, 2018. ๐Ÿ’ฐ
Little did investors know that the $LBA Token would descend toward the abyss post-ICO. ๐Ÿ“‰๐Ÿ“‰๐Ÿ“‰

This is an all too familiar tale from the ICO-era of digital assets. ๐Ÿ™„

Unfortunately for the Cred community, the damage doesnโ€™t stop with a token that lost over 96% of its value. ๐Ÿ™
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