Vauld
1 day agoVauld said that depositors had withdrawn nearly 200 million in the weeks leading up to this decision. 1 day agoVauld has seen withdrawals of around 198 million since June 12 the day when the downturn in crypto markets began to come to a head with crypto lender Celsius pausing.
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12 hours agoVauld is preparing for a merger with Swiss-based crypto lender Nexo.
. LONDON July 5 Reuters - Cryptocurrency lender Nexo plans to buy fellow lender Vauld it said on Tuesday the latest sign of consolidation in the digital currency industry as. 2 days agoBacked by Coinbase Vauld is the first crypto exchange in India to officially be impacted by the markets recent downturn. Vauld a Singapore-headquartered crypto lending and exchange startup has suspended withdrawals trading and deposits on its eponymous platform with immediate.
Darshan Bathija CEO Vauld said in a blog post that the current market climate has led to a significant amount of customer withdrawals in excess of 1977 million since 12 June. 8 hours agoVauld became the latest among several crypto lenders to resort to emergency measures to stay afloat after a US2 trillion S28 trillion digital asset market rout sapped. They intended to grow their 40-person workforce to.
The former is in the midst of economic turmoil laying off 30 of employees and halting withdrawals. Founded in 2018 by. 17 hours agoVauld was not the first distressed crypto platform that found itself under Nexos ambitious consolidation plan.
Vauld increased its assets under management AUM by over ten-fold and its user base by over 40 times using these funds. 1 day agoCrypto exchange Vauld has suspended deposits and withdrawals on its platforms citing financial challenges amid the crypto markets volatile conditions. With Vauld you can easily convert your fiat assets into.
1 day agoIn a statement on Monday Vauld CEO Darshan Bathija said that the management is facing financial challenges due to volatile market conditions which has led to significant. Singapore-based Vauld on Monday became the latest cryptocurrency platform to pause customer withdrawals as a result of the nascent markets steep decline over the past. In June Vauld announced it had laid off 30 of its workforce most of whom were based in India.
The company laid off 30 of its staff last month. Vauld appears to be trying to do the right thing in keeping the business alive but it will not be a big surprise if it collapses. 22 hours agoLONDON Reuters -Cryptocurrency lender Nexo plans to buy fellow lender Vauld it said on Tuesday the latest sign of consolidation in the digital currency industry as prices.
The move comes as Bitcoin continues to hover around the 20000 mark while Ether was. When cryptocurrency lending platform Celsius froze user accounts amid a. 2 days agoVauld a crypto lender backed by Coinbase Inc said it suspended withdrawals and hired advisers to explore a potential restructuring as fallout from the slump in digital assets.
Bathija had announced that Vaulds headcount would by cut by 30. 1 day agoVaulds move to halt withdrawals comes less than three weeks after CEO Bathija said the company continues to operate as usual despite volatile market conditions In a June 16. Last month Nexo wrote in a letter to Celsius that it planned to.
Vauld was established to provide users financial freedom away from the restrictions of banks and governments. The company said it would apply for a moratorium in Singapore against any. 23 hours agoOn June 21 Mr.
Vauld mentioned both Celsius and Three Arrows Capital. Our management remains fully committed to working with our financial and. Vauld is exploring a possible restructuring after becoming the latest crypto platform to freeze services.
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