Vauld Users' Deposits May Be Cut

On Monday, Vauld said it was exploring restructuring options with its financial and legal advisors. But going by the events that led to the collapse of credit ecosystem in crypto space, it looks like not all funds will be returned. Vauld Co-founder Darshan Bhatija had in a Telegram chat stated that contagion effects of the market sentiment have impacted his company’s prospects. He said there was no clarity as to who had indirect exposure to companies like Celsius, Babel, Voyager and Three Arrows Capital.
Source

Exchanges

Related News
Non-KYC exchange eXch to close down under money laundering scrutiny tied to Lazarus Group Non-KYC exchange eXch to close down under money laundering scrutiny tied to Lazarus Group
MEXC Extends DEX+ Platform to Binance Smart Chain Users MEXC Extends DEX+ Platform to Binance Smart Chain Users
MEXC Partners With Hacken to Increase Security Standards MEXC Partners With Hacken to Increase Security Standards
BitMEX hit with additional $100 million fine over Bank Secrecy Act violations: report BitMEX hit with additional $100 million fine over Bank Secrecy Act violations: report
Backpack acquires FTX EU, Bitcoin and Ethereum ETFs clock over $1 billion worth of inflows and more Backpack acquires FTX EU, Bitcoin and Ethereum ETFs clock over $1 billion worth of inflows and more
Latest News More More
9 Hours Ago Citigroup predicts stablecoin supply could hit $3.7 trillion by 2030
9 Hours Ago Ark Invest raises 2030 bull-case bitcoin price projection to $2.4 million on 'aggressive' modeling
1 Day Ago Zora airdrop triggers confusion as token launches without announcement, requires users claim manually
2 Days Ago pot bitcoin ETFs see $936 million inflows as 'safe haven' narrative strengthens
2 Days Ago Binance South Africa to require information on senders and recipients for local compliance
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open