Uphold has agreed to pay over $5 million to compensate customers affected by CredEarn, a third-party crypto investment product, following a settlement with the New York Attorney General. The settlement mandates Uphold to enhance product reviews, register as a broker, and transfer any bankruptcy recoveries from Cred to impacted investors. CredEarn, offered through Uphold's platform, was marketed as a savings product but relied on risky lending practices, leading to significant losses when Cred filed for bankruptcy in 2020. The New York Attorney General's office, led by Letitia James, emphasized the need for stronger compliance and investor protection in the crypto industry. Uphold's settlement is part of a broader enforcement effort that has secured over $2.5 billion in restitution and penalties from various crypto firms. Uphold must now improve its due diligence policies and register as a broker, ensuring better protection for investors engaging with third-party crypto products.