Crypto lender Nexo signed a term sheet with Vauld that could potentially result in Nexo buying 100% of the Singapore-based company, news organizations including The Block reported Tuesday.
London-based Nexo will begin due diligence, and plans to acquire up to 100% of the troubled firm, the report said. Vauld suspended all withdrawals, trading and deposits on its platform as it looks at restructuring options,"We have to see what exactly is on their books and it's going to take a little while," Nexo co-founder Antoni Trenchev told The Block."But since we have the exclusive exploratory period, we are the only ones looking at them right now."
Vauld is exploring potential restructuring options as a means of navigating the challenges it faces, it
Nexo VauldOfficial GregAhl SAFEMOON
Nexo VauldOfficial GregAhl Why does CoinDesk always do positive stories about Nexo? oh, Nexo sponsors CoinDesk and helps campaigns to liquidate people's life savings.
Nexo VauldOfficial GregAhl Market cleaning continues. Bitcoin
Nexo VauldOfficial GregAhl Let see what happen . What your thoughts guys.
Nexo VauldOfficial GregAhl they should worry about their own selves first and foremost
Nexo VauldOfficial GregAhl Investing needs to consider your own situation. Borrow and invest unless you have a very high degree of certainty that you will make money.
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Another Crypto Lender Vauld Pauses Withdrawals as Market Crash Takes Its TollVauld is the latest victim of the cryptocurrency price plunge this year that has exposed flaws in a number digital coin projects and business models.
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