SCOOP: Vauld CFO leaves struggling Asian crypto lender: sources By Yogita_Khatri5
Founded in 2018 and backed by high-profile investors, including Peter Thiel's Valar Ventures and Coinbase Ventures, Vauld hadin June to save costs amid the crypto market tumult before abruptly freezing customer accounts this month.
Vauld is based in Singapore but has most of its team in India. Its Indian co-founders, Darshan Bathija and Sanju Sony Kurian, were featured in theWith its operations mainly in the two countries, Vauld recently appointed legal and financial advisors in Singapore and India for potential restructuring or financing options.a term sheet with the firm for a potential acquisition. Nexo is currently undergoing a due diligence process and Vauld customers' funds remain stuck.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Yogita is a senior reporter at The Block and covers all things crypto. Before joining The Block, Yogita worked for CoinDesk and The Economic Times. She can be reached at
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Wintermute has returned hundreds of millions in obligations to lenders: WSJCount this as a sign that leverage in the crypto market is decreasing as lenders scald back.
Weiterlesen »
Celsius Network Pays Off Maker Loan, Freeing Up $440M of CollateralCrypto lender CelsiusNetwork reclaimed $440 million of collateral on Thursday after it fully paid off a loan on MakerDAO, one of the largest DeFi platforms in the crypto universe.
Weiterlesen »
Hong Kong to Introduce Licensing for Crypto Platforms Through AML Law – Regulation Bitcoin NewsNew legislation tailored to regulate the crypto space in Hong Kong aims to implement a licensing regime for crypto service providers.
Weiterlesen »