Nexo has been trying to acquire Vauld since January 2023.
Nexo has announced that it is quitting the US market; how will the US customers be treated?
US creditors want proof that Nexo is solvent.
Relatively new crypto lender Vauld is wading through troubled waters as its Committee of Creditors (COC) rejected the final acquisition proposal by their rival Nexo. Due to concerns over Nexo’s financial health and other issues.
Vauld co-founder and CEO Darshan Bathija wrote in a letter to Nexo dated Wednesday, saying,
“We have taken the terms of the Final Nexo Proposal into consideration and further consulted with COC, and we unanimously do not accept your proposal as it stands.”
Although Vauld rejected Nexo’s offer, citing no significant changes over the previous proposal, they are now asking questions about their plans on treating the claims of US-based Vauld creditors as they have just announced their plans for exiting the market. Another important question is are in good fin
We współpracy z: https://www.thecoinrepublic.com/2023/01/06/vauld-rejects-nexos-another-acquisition-proposal-nexo-solvency-proof-required/
