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ID:

vauld-968

Date:

Status:

Incident Count:

July 4, 2022

Verified

1

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REKT

Contributor:

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web3rekt.com

KYC By:

KYC:

No

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Audit By:

Audits:

None

Loss Amount:

-

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Recovered:

-

Rewards:

Currency:

USD

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A cryptocurrency lender backed by Peter Thiel and Coinbase Global Inc. suspended withdrawals, trading and deposits on its platform, citing volatile market conditions and financial difficulties facing key business partners.

Vauld is exploring a possible restructuring after becoming the latest crypto platform to freeze services. Vauld said it has hired financial and legal advisers to analyze options, including a potential restructuring.

Nexo has signed a term sheet with Vauld giving it 60 days of exclusive talks to explore an all-equity acquisition of the company.

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