Troubled crypto lender Vauld has been granted three-month protection from creditors by the High Court of Singapore. The moratorium granted to Vauld-parent company Defi Payments Ltd. by Justice Aedit A...
Tag: Vauld
Vauld Gets Three Month Moratorium From Singapore Court
Advertisement     Troubled Vauld obtained a three-month moratorium for the courts in Singapore as it hoped to put its house in order. The exchange’s 147,000 creditors ...
Vauld gets three-month moratorium from Singapore High Court for protection against creditors
Crypto platform Vauld, which halted customer withdrawals last month, has secured protection against creditors for three months from the Singapore High Court, Bloomberg News reported Aug. 1. Vauld’s pa...
Battered Crypto Lender Vauld Granted 3-Month Creditor Protection
The crypto lender, backed by Peter Thiel and Coinbase, was given a moratorium by Justice Aedit Abdullah that will last until November 7. The move will help provide some respite to Vauld, whose 147,000...
Just In: Vauld Moratorium Approved, Here’s What Users Plan For Recovery
In a fresh development, the Vauld moratorium request was approved by a Singapore court on Monday. After Vauld publicly announced it had financial difficulties, it sought a relief period to let it sort...
Vauld Crypto Exchange Is Next to Lay Off Staff Members
Another cryptocurrency exchange is saying goodbye to many of its staff members. Vauld – which is based in New Delhi, India – says that roughly 30 percent of its staff will be relieved of their duties ...
Vauld Files for Protection Against Its Creditors, Restructuring in the Pipeline – crypto.news
Vauld has requested a moratorium order against its creditors. The protection will prevent a total freeze of operations and assets liquidation for the firm, while also allowing it to focus fully on its...
Singapore-Based Vauld Seeks Protection From Credit Liabilities Worth $400 Million
A report by the Wall Street Journal has confirmed that cryptocurrency lender Vauld has filed an application seeking protection from creditors after pausing withdrawals earlier this month. Be[In]Crypto...
Crypto Lending Firm Vauld Owes Creditors Over $400 Million
20 mins ago | 2 mins read Defi News $34 million is apparently owing to Vauld’s biggest individual retail creditor. Based on court records and an affidavit, Vauld possesses $287.7 million. Singapore-b...
Embattled Crypto Lender Vauld Owes Over $400 Million to Creditors: Report
Vauld, a Singapore-based cryptocurrency lending and exchange platform, owes a total of $402 million to its creditors, as reported by The Block. Of this amount, $363 million, or about 90%, was reported...
Crypto lender Vauld seeks protection against creditors: Report
Singapore crypto exchange Vauld Group is seeking a moratorium against its creditors — a move that would give the troubled lender more time to restructure its business after collapsing asset prices imp...
Vauld, Singapore’s crypto lender, owes retail investors US$363M –
Crypto lending platform Vauld owes creditors US$402 90% of the debt is owed to individual investors Vauld, a Singapore based crypto lending platform owes creditors US$402 million. On July 8, the co-f...
Crypto lender Vauld files for protection from creditors as Nexo waits in the wings
Vauld, the crypto lender backed by Peter Thiel, has filed for protection from creditors based in Singapore. The move comes after the company suspended all customer withdrawals from its platform. Nexo ...
Cryptocurrency lender Vauld applies for protection against creditors
Vauld, a Singapore crypto exchange, has moved to file protection from its lenders in Singapore. The move to get a moratorium would give the lender some breathing space to restructure. The firm has bee...
Vauld Crypto Lender Discloses $70 Million Shortfall, Hopeful of a Takeover Deal with Nexo – crypto.news
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 ...
Vauld Discloses $70 Million Asset Deficit; Seeks Repayment Moratorium
Vauld has disclosed a shortfall of $70 million to its creditors, days after the crypto platform suspended withdrawals, deposits, and trading activities for its users. Media reports confirmed the asset...
Vauld CFO leaves struggling Asian crypto lender: sources
Vauld CFO Jatin Mazalcar has left the Singapore-based crypto lender after it was forced to halt client withdrawals last week, two sources familiar with the matter told The Block. While Mazalcar left t...
Vauld CFO Resigned From Designation Amidst Market Dip
32 mins ago | 2 mins read Exchange News Jatin Mazalcar left Vauld after the crypto lender stopped withdrawals. Vauld halted all withdrawals on July 4th due to the financial difficulties. Vauld CFO Jat...
Vauld CFO Resigned From Destination Amidst Market Dip
Exchange News Jatin Mazalcar left Vauld after the crypto lender stopped withdrawals. Vauld halted all withdrawals on July 4th due to the financial difficulties. Vauld CFO Jatin Mazalcar ha...
Vauld Customers Slam Cofounder For ‘Dicey’ Email On Recovery Plan
On Monday, Vauld cofounder and CEO Darshan Bhatija shared a few updates on their discussions with financial and legal advisors. In an email to Vauld customers, he explained how the management plans to...
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....
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...
This Week in Coins: Bitcoin and Ethereum Rebound Despite Vauld and Voyager Woes
This week in coins. Illustration by Mitchell Preffer for Decrypt It was a great week for investors as nearly all of the top 100 cryptocurrencies by market capitalization grew in value, despite the lin...
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 ...
Vauld Users To Settle For Lesser Returns? Know More
In recent days, the cryptocurrency exchange, Vauld had nastily halted all its operations like withdrawals, trading and deposits. This move has made its investors anxious who are keenly waiting for the...
Vauld Users To Take Haircut On Deposits? Here’s Why
After abruptly suspending withdrawals, trading and deposits on its platform, Vauld depositors are eagerly waiting for an update on funds. On Monday, the exchange said it was exploring restructuring op...
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...