Earlier this year in July 2022, Singapore-based crypto lender Vauld suspended withdrawals halting all trading activity on its platform. Since then Vauld has been working on its restructuring, the deadline for which shall be coming soon on January 20.
Vauld was in discussion with crypto lender Nexo, however, they haven’t come to fruition, said Vauld in an email to all the creditors on Monday, December 26. In their latest email, Vauld said that they have been facing “challenges” during the recent months of talk. The crypto lender also said it faces issues of “defamation” and “the spread of misinformation on social media”. Nexo noted:
“We remain dedicated to offering the creditors the most favorable recovery path forward. Nexo is determined to continue working for the benefit of the creditors and to support the development of the blockchain ecosystem.”
Crypto Market Fall Posts Major Challenges to Vauld
Ever since Vauld froze withdrawals this year in July, it has entered
We współpracy z: https://coingape.com/vauld-approaches-restructuring-deadline-no-progress-with-nexo/
