Earlier this year in July 2022, Singapore-based crypto lender Vauld suspended withdrawals halting all trading activity on its platform. Since then Vauld has been working on its restructuring, the deadline for which shall be coming soon on January 20. Vauld was in discussion with crypto lender Nexo, however, they haven’t come to fruition, said Vauld in an email to all the creditors on Monday, December 26. In their latest email, Vauld said that they have been facing “challenges” during the recent months of talk. The crypto lender also said it faces issues of “defamation” and “the spread of misinformation on social media”. (coingape)
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Vauld Approaches Restructuring Deadline, No Progress With Nexo
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