Cred’s Ex-Executive Files Bankruptcy, Facing $8.74 Million Claim

A former executive of bankrupt Cred Inc. filed his own bankruptcy in the wake of claims that he owes Cred more than $8 million for bitcoin he allegedly took from the cryptocurrency services company.

James Alexander’s Chapter 11 case in the U.S. Bankruptcy Court for the Central District of California temporarily freezes Cred’s action against him in a Delaware bankruptcy court.

Judge John T. Dorsey of the U.S. Bankruptcy Court for the District of Delaware Feb. 5 ordered Alexander, Cred’s former chief capital officer, to transfer all of Cred’s bitcoin in his possession back to the company within half an ...