Nexo, Vauld, and everything latest around the acquisition of the latter

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Crypto lender Nexo stated that it was still in talks with Vauld about a possible acquisition. Nexo denied any rumors of the acquisition falling through Crypto lender Nexo iterated that it was still in talks with troubled rival crypto lender Vauld about a possible acquisition of the Singapore-based company. Nexo denied reports that its talks […]

Nexo denied any rumors of the acquisition falling through

Nexo denied reports that its talks about acquiring Vauld halted. As per a Nexo executive, the firm’s creditor committee, not its former CEO will make the decision about Vauld’s future. Nexo said that its intention to acquire Vauld shortly after the company’s problems were revealed. Furthermore, both parties agreed to an exclusivity period that is still in effect.“Nexo has not given up on its attempt to save Vauld and help its creditors recover the maximum possible platform funds,” Kalin Metodiev, Nexo managing partner, told Decrypt.

 

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