Vauld

Cryptocurrency company Nexo has sent an open letter to Vauld's creditors, stating that the potential deal between the two companies is not yet over. The letter, dated Monday, Dec. 26, includes Nexo's final proposal to Vauld with some amendments to its earlier proposal. Nexo claims that...

Cryptocurrency lender Vauld has officially canceled its potential acquisition by rival Nexo — a transaction that was initially announced five months ago. After the initial agreement to explore the merger and less than a month before the Singapore-based Vauld had to present a restructuring...

India's anti-money laundering agency has accused a16z-backed crypto exchange CoinSwitch Kuber of violating forex laws, Bloomberg reported, citing sources.  What Happened: India's Enforcement Directorate (ED) carried out searches at five premises of...

India’s Enforcement Directorate (ED) has frozen assets worth more than $46 million of beleaguered crypto lending firm Vauld. The company suspended withdrawals, trading and deposits on its platform in July. While the ED is tasked by the Indian government to investigate serious financial crimes...

Crypto lender Nexo on Tuesday announced it has signed an indicative term sheet with its rival Vauld to acquire a 100% stake in the company. The agreement grants Nexo a 60-day exclusive exploratory period related to its intended acquisition of Vauld, pending a satisfactory outcome of the due...

Crypto trading and lending platform Vauld on Monday announced it is suspending withdrawals, trading and deposits on its platform due to the financial challenges it is facing on account of volatile market conditions and financial difficulties of its business partners. The Singapore-based...