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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