Troubled Asian crypto lender Vauld has funds stuck in the now-bankrupt crypto exchange FTX. The exposure is worth around $10 million, one of the sources said. Vauld used FTX, among other exchanges, to execute trades of its customers since it does not have its own order book, said the source.

The FTX exposure is the latest blow for Vauld, which halted client withdrawals in July and owes over $400 million to creditors. Vauld has until Jan. 20 to sort its financial issues, having received another credit protection extension last week. The firm, however, has the option to apply for yet another extension if needed.