Vauld has disclosed a shortfall of $70 million to its creditors. The centralized crypto lending platform says it still holds $300 million worth of assets and liabilities worth roughly $400 million. A ...
Tag: Nexo
Vauld Customers Demand Swapping Enabled, As Nexo Update Awaited
As anxious customers await an update on Vauld’s future course of action, there are rising demands for allowing minimal features. The users are asking for clarity what could be the fate of their funds....
Co-Founder To Mitigate Consumer Panic Amid Talks With Nexo
Recently, Vauld, a crypto-exchange, stopped all transactions- inflow, and outflow- claiming $198 million in client withdrawals. Now, users are impatiently waiting for Vauld to devise a plan to resolve...
Vauld To Reveal Backup Plan Amid Nexo Deal Talks, Customer Fears
As Vauld customers await a plan towards resolving the fund crisis, the company looks all set to reveal an update. Also, the company is yet to reveal how the talks with Nexo are going with respect to a...
We have entered into a term sheet with vauld: Nexo
In a hint of the growing level of industry consolidation, larger rival Nexo has offered a lifeline to struggling bitcoin lender Vauld. On Tuesday, Nexo said that it had entered into a term sheet with ...
Nexo Eyes Acquisition of Troubled Crypto Lender Vauld
Nexo today announced it signed an indicative term sheet with the troubled Singapore-based crypto lender Vauld. Under the agreement, Nexo has a 60-day exploratory period that would see the company cond...
Embattled Crypto Lender Vauld To Be Acquired By Rival Nexo ⋆ ZyCrypto
Advertisement     Singapore-based crypto trading, and lending firm, Vauld is on a path to being acquired by rival crypto Nexo. Reports of the 100% acquisition deal com...
Crypto Lender Nexo Moves Forward With Plan to Acquire Troubled Rival Vauld – Bitcoin News
Leading cryptocurrency lender Nexo has offered to buy distressed competitor Vauld, which halted operations in the face of financial difficulties. The proposal comes after the Singapore-based company s...
Nexo Offers to Acquire Vauld Group after Celsius’s Cold Treatment
Nexo’s plan to buy a cryptocurrency lender may be coming to fruition as the company has shown interest in acquiring Vauld Group. This development comes after Vauld Group announced earlier this week th...
Nexo All Set to Acquire Crypto Lender Vauld Amid Liquidity Crisis
Defi News On Monday, the company suspended operations and stopped client withdrawals. Since June 12, withdrawals totaling $197.7 million have been reported by the firm. The Singapore-based crypto lend...
Nexo Looking To Acquire Distressed Crypto Lending Platform Vauld: Report
Crypto lender Nexo is announcing intentions to buy another lending platform in the industry as markets continue to struggle. According to a Reuters report, a new statement from the London-based Nexo s...
Nexo Begins Potential Acquisition Process of Rival Crypto Lender Vauld
Shortly after Vauld announced withdrawals suspension, Nexo revealed it signed an indicative term sheet. The company also mentioned the plan to acquire Vauld. London-based crypto lender Nexo has starte...
Nexo starts process to potentially acquire troubled crypto lender Vauld
Crypto lender Nexo has started a process to potentially acquire rival Vauld after the latter abruptly halted customer withdrawals on Monday. Sharing the news exclusively with The Block on Tuesday, Nex...
Crypto lender Nexo offers to buy embattled rival Vauld
Bitcoin, the world’s biggest cryptocurrency, is down more than 50% since the start of 2022. Nurphoto | Getty Images Beleaguered cryptocurrency lender Vauld has been thrown a lifeline from larger...
Nexo Looks to Acquire Failing Rival Crypto Lender Vauld
Crypto lender Nexo could potentially be in the process of acquiring rival Vauld, which abruptly halted customer withdrawals earlier this week. Vauld has signed an indicative term sheet granting Nexo a...
Crypto Lender Nexo Signs Term Sheet to Potentially Acquire Struggling Rival Vauld
Popular crypto lending platform Nexo revealed on Tuesday that it has signed an indicative term sheet to acquire Singapore-based lending rival Vauld. An indicative term sheet is a document that shows t...
Nexo Signs Agreement Sheet To Purchase 100% of Vauld’s Insolvent Assets – Coinpedia – Fintech & Cryptocurreny News Media
Nexo, a cryptocurrency lender or financier, announced today that it has signed an agreement sheet with Singapore-based crypto exchange Vauld describing intentions to purchase the assets of the insolve...
Nexo begins due diligence to acquire 100% of struggling rival Vauld
Centralized lending and borrowing platform Nexo has signed an “indicative term sheet” for the potential acquisition of Vauld. An indicative term sheet is a non-binding agreement establishing business ...
Nexo Might Acquire Distressed Crypto Lender Vauld
The leading cryptocurrency lender – Nexo – is looking to purchase the Singaporean digital asset exchange – Vauld. According to a document shared with CryptoPotato, Nexo and Vauld signed a 60-day exclu...
Is Nexo Acquiring Vauld As Lender Seeks To Resolve Crisis?
With the crypto community is all eyes for the next update from Vauld management, there could finally be a solution. Although there was no update from the team in the last 24 hours, the situation appea...
Nexo Taking Steps to Acquire Distressed Crypto Lender Vauld
Key Takeaways Nexo has signed an indicative term sheet with Vauld, granting it an exclusive 60-day exploratory period to look into acquiring the firm. Vauld halted customer withdrawals Monday, saying ...
Nexo claims “smear campaign” ignores its attempts to aid insolvent companies
CryptoSlate spoke to Nexo co-founder Antoni Trenchev regarding Nexo’s decision to increase insurance to $775 million, its moves to offer aid to struggling crypto firms, and the recent allegations clai...
Nexo Says It’s Nothing Like Celsius and Other Crypto Lenders. Here’s What the Data Shows
The ongoing liquidity issues at crypto lenders BlockFi, Celsius, and Voyager Digital have put other crypto lenders in the hot seat, with some rushing to assure clients that their funds are safe. But N...
Twitter User Accuses Nexo of Embezzlement Through Charity, Crypto Lender Denies Allegations – Bitcoin News
A Twitter account has accused the Bulgarian co-founders of the Swiss-based cryptocurrency lender Nexo of misappropriating funds from a charity platform. The company has rejected the allegations in the...
Nexo Warns Anonymous Twitter Account Regarding Recent Allegations – crypto.news
Cryptocurrency lender firm Nexo issued a cease and desist letter to counteract allegations of an anonymous Twitter account. Nexo Could File a Lawsuit On June 26, a series of tweets from the account, w...
Here’s Why Nexo Issued A Cease And Desist Letter To Silence A Twitter User
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Nexo threatens legal action against anonymous Twitter account
Crypto lender Nexo has issued a cease and desist letter in an effort to silence an anonymous Twitter account. The account, which styles itself in the third person as ‘Otter,’ published a series of twe...
Nexo responds to accusations of stealing donations, siphoning funds from charity
Cryptocurrency lending platform Nexo has hit back at what it called “fake news” and rumors that its founders were part of a charity embezzlement scandal, saying the claims are untrue and defamatory. I...
Nexo Issues Cease and Desist Notice to Anonymous Twitter User Over Recent Allegations
Crypto lender Nexo released a blog post to clarify what it considers the recent comments made by a pseudonymous Twitter user “Otteroooo” to be “a slate of ludicrous allegations.” “Untrue and Defamator...
Nexo reacts to new Emblezzlement allegations and threatens legal action
Crypto lender Nexo published a blog post to address what it views as “a slate of absurd charges” in recent remarks made by a Twitter user going by the pseudonym “Otteroooo.” The legal team at Nexo is ...
Crypto Lender Nexo Denies Fraud, Issues Cease And Desist Notice
Nexo on Sunday dismissed recent allegations of fraud against the crypto lender, calling them “fake news.” The firm also issued a “Cease and Desist” notice on its website. Nexo’s response was directed ...
Nexo dismisses claims it defrauded a children’s charity as fake news
? Want to work with us? CryptoSlate is hiring for a handful of positions! In a recent blog post, Nexo responded to the “ludicrous allegations” levied at it as “obvious lies and smear campaigns.” The l...