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...
Tag: Vauld
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...
Crypto lender vauld becomes the latest platform to halt services
Crypto trading and lending platform Vauld has suspended customer withdrawals as a result of the current volatility in the cryptocurrency market as of Monday. The CEO of Vauld Crypto Exchange, Darshan ...
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 ...
Vauld Suspends Withdrawals, Exploring Restructuring amid Market Downturn
Vauld, a crypto lending and exchange firm headquartered in Singapore, announced on Monday that it has suspended withdrawals, trading, and deposits on its platform, citing the current “financial challe...
Vauld hired advisors for potential restructuring and halted client withdrawals
Vauld halted withdrawal, trading, and deposit services. Vauld reported withdrawals amounting to $198 million in the 2nd week of June 2022. Vauld is a crypto trading platform that provides comprehen...
Vauld Crypto Trading and Lending Firm Suspends Withdrawals – crypto.news
Vauld has announced the suspension of fund withdrawals, deposits, and all trading activities on its platform. The firm says the crypto market downturn has brought serious financial challenges upon it ...
Vauld halts withdrawals and hires legal and financial advisors
Vauld, a Singapore-based crypto trading and lending platform with most of its team in India, has become the latest crypto firm to halt customer withdrawals amid the market tumult. CEO Darshan Bathija ...
Vauld Becomes Latest Exchange to Suspend Trading Amid Financial Woes
Coinbase-backed Vauld has become the latest firm to suspend trading, citing fallout from the market crash. The platform said that it was facing financial challenges and had to subsequently make the de...
Vauld Suspends Withdrawals Citing Tough Market Conditions
Advertisement     Vauld has halted withdrawals for its customers, citing unfavorable market conditions. The lending platform received nearly $200 million worth of with...
How Safe Are Funds On Vauld, And Other Crypto Exchanges?
As the management of Vauld ties to come up with a solution to the financial challenges, the situation raises doubts over exchange security. Earlier on Monday, the Singapore-based exchange suspended al...
The how, what, and why of Vauld suspending its services citing ‘challenges’
In light of the crypto-market’s recent fortunes, popular lending platform Vauld has halted trading, deposits, and withdrawals. The company’s management disclosed that it is “suffering financial issues...
Peter Thiel-Backed Crypto Lender Vauld Suspends Withdrawals
A cryptocurrency lender backed by Peter Thiel and Coinbase Global Inc. suspended withdrawals, trading and deposits on its platform, citing volatile market conditions and financial difficulties facing ...
Crypto Lending Firm Vauld Suspends Transactions After $198 Million Worth of Withdrawals
As it considers restructuring options, Singapore-based cryptocurrency lender Vauld has suspended all deposits, trading, and withdrawals from its platform. Since June 12, when the cryptocurrency market...
Major Crypto Lender Vauld Suspends Trading After $198 Million In Customer Withdrawals
Topline Singapore-based Vauld on Monday became the latest cryptocurrency platform to pause customer withdrawals as a result of the nascent market’s steep decline over the past month, telling cus...
Coinbase-backed Vauld halts withdrawals as crypto credit crisis intensifies
Vauld, a crypto lender backed by Coinbase and investor Peter Thiel, has halted withdrawals and trading on its platform as the credit crisis in the digital asset market intensifies. The company, which ...
Crypto Lending Platform Vauld Halted All Withdrawals
3 hours ago | 2 mins read Editors News Vauld has raised around $27M from investors to expand its platform. The company hired Kroll Pte Limited as a financial advisor. Vauld intends to apply a moratori...
Coinbase-backed Vauld becomes the latest crypto lender to pause withdrawals
Vauld announced July 4 that it will immediately suspend withdrawals, trading, and deposits on the platform due to volatile market conditions and the impact on key business partners. The statement also...
Withdrawals blocked: start of a crisis for Vauld?
Celsius, Coinbase, Three Arrows Capital, the CEO of FTX explains that many are secretly insolvent exchanges… After the start of this new bear market and the failure of the Terra-Luna ecosystem, severa...
Crypto lending platform Vauld freezes withdrawals and looks to restructure
The toll of crypto lenders who are feeling the pinch continues unabated. Coinbase-backed Vauld is the latest crypto lender to freeze withdrawals, as the crypto winter endures, bringing the industry to...
Crypto Lender Vauld Halts Withdrawals As Stress Mounts
Vauld’s CEO has said that the crypto exchange is halting all trading, deposits, and withdrawals owing to financial difficulties. Vauld Suspends Withdrawal As it navigates “financial challenges,” Vauld...
Binance CEO Takes A Dig At Vauld, Here’s Why
Binance’s CEO Chengpang “CZ” Zhao took to Twitter to take a dig at Vauld, a Singapore-based crypto exchange and lending platform. Replying to an article about Vauld’s suspension of withdrawals, CZ ca...
Crypto Lender Vauld Freezes Withdrawals, Eyes Restructuring
(Bloomberg) — Most Read from Bloomberg Vauld, a crypto lender backed by Coinbase Inc., said it froze withdrawals and hired advisers to explore a potential restructuring, joining rivals from Cels...