The Vauld management wishes to inform that we are facing financial challenges despite our best efforts.
We are currently in discussions with potential investors into the Vauld group of companies. We intend to apply to the Singapore courts for a moratorium i.e. a suspension of the commencement or continuation of any proceedings against the relevant companies so as to give us breathing space to carry out the proposed restructuring exercise.
We seek the understanding of customers of the Vauld platform that we will not be in a position to process any new or further requests or instructions in this regard. Specific arrangements will be made for customer deposits as may be necessary for certain customers to meet margin calls in connection with collateralised loans.
all leverage was correlated
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Update
Nexo starts process to potentially acquire troubled crypto lender Vauld | The Block #41543 https://www.theblock.co/post/155790/nexo-vauld-offer-potential-acquisition https://archive.ph/zqhSZ <-- An archive, which can be easier to read
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