Troubled crypto lender Vauld rejects rival Nexo's final acquisition proposal, questioning Nexo's solvency and other issues
- Troubled crypto lender Vauld rejected rival Nexo's final acquisition proposal. — Vauld continues to seek answers from Nexo, particularly around its solvency.
India freezes assets worth $46.4M owned by crypto exchange Vauld's local entity for allegedly facilitating “crime-derived” proceeds from predatory lending firms
Manish Singh / TechCrunch :
India freezes assets worth $46.4M owned by crypto exchange Vauld's local entity for allegedly facilitating “crime-derived” proceeds from predatory lending firms
Manish Singh / TechCrunch :
Singapore-based crypto exchange Zipmex suspends withdrawals, citing “volatile market conditions”
- Southeast Asian crypto exchange Zipmex announced it's halting withdrawals until further notice. — Zipmex joins Celsius, CoinFLEX, Vauld and Babel Finance in freezing client funds amid stresses in c...
Crypto lender Vauld disclosed a ~$70M shortfall, listing $330M in assets and $400M in liabilities, but says the numbers may not be final as audits are ongoing
- Vauld has disclosed a shortfall of $70 million in a letter to creditors. — The firm has also listed multiple other plans if its deal with Nexo doesn't go through.
Nexo, a crypto lender managing assets for ~4M users, says it signed a term sheet to explore buying Vauld, which halted withdrawals and manages assets for ~100K
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Crypto lender and exchange Vauld pauses withdrawals, trading, and deposits and says it's exploring a restructuring, after users withdrew $197.7M+ since June 12
The Vauld management wishes to inform that we are facing financial challenges despite our best efforts.
Singapore-based Vauld, formerly Bank of Hodlers, a crypto trading and lending service, raises $25M Series A led by Peter Thiel's Valar Ventures
Singapore-based Vauld, formerly Bank of Hodlers, a crypto trading and lending service, raises $25M Series A led by Peter Thiel's Valar Ventures
Quick Take — Crypto trading and lending platform Vauld has raised $25 million in a Series A funding round led by Peter Thiel's Valar Ventures.