Three former executives of the now-defunct crypto lender Cred faced indictments for alleged involvement in wire fraud and illicit financial transactions. Daniel Schatt, ex-CEO and co-founder, alongside Joseph Podulka, former CFO, and James Alexander, former chief capital officer, were indicted by the U.S. Attorney's Office in California. Schatt and Podulka were apprehended, appearing in a San Francisco court following their arrests.