The Singapore-based crypto lending platform Vauld rejected Nexo’s recently updated terms and conditions. On December 26, Bloomberg reported that acquisition talks between Vauld and Nexo were not settled. The firm’s moratorium has been extended to January 20, 2023. So there will be time for both companies to settle an agreement.
This summer, after experiencing a liquidity crisis and volatile market conditions, Vault decided to halt the withdrawals on the platform on July 4. Meanwhile, investors and users faced difficulties withdrawing and trading on the platform.
Darshan Bathija, CEO of Vauld, said on the company’s website, “This is due to a combination of circumstances such as the volatile market conditions, the financial difficulties of our key business partners inevitably affecting us, and the current market climate.”
Vauld’s major competitor, London-based crypto lending platform Nexo, is ready to acquire and help the falling company. It signed a term sheet with Vauld to
We współpracy z: https://www.thecoinrepublic.com/2022/12/27/vauld-says-nexo-acquisition-called-off/
