CRYPTOCURRENCY
Crypto Lender Struggles Extended Creditor Protection For Vauld
Singapore gave Vauld another creditor protection term. The corporation needs a resurrection strategy by Feb. 28. Due to market circumstances, the site stopped 800,000 user withdrawals in July 2022. It received a three-month liquidity moratorium in August 2022.
Crypto Exchange Zipmex Granted 3-Month Protection from Singapore Court against Creditors
Zipmex, Asia's leading digital asset exchange, said it had won creditor protection from the Singapore High Court for more than three months, gaining time to address liquidity issues.
Vauld Group Disagrees with Indian Authorities for Asset Seizure
Following the freezing of Vauld Group’s owned crypto platform FlipVolt by the Indian Enforcement Directorate (ED), the embattled trading firm said it did not agree with the actions of the law enforcement agency.
Crypto Lender Vauld Granted 3-Month Protection from Singapore Court against Creditors
Crypto lender Vauld has been facing hostile action from several creditors. The Singapore High Court has granted the distressed firm a three-month reprieve against its creditors.
MAS Insists Terra, 3AC Unlicensed to Operate in Singapore
Ravi Menon, the managing director of the Monetary Authority of Singapore, indicated that crypto entities like Terraform Labs, the Luna Foundation Guard and Three Arrows Capital are unlicensed by MAS in Singapore.
Nexo Offers to Acquire Vauld Group after Celsius's Cold Treatment
Nexo’s plan to buy a cryptocurrency lender may be coming to fruition as the company has shown interest in acquiring Vauld Group.
Vauld Suspends Withdrawals, Exploring Restructuring amid Market Downturn
Vauld has become the latest crypto firm to halt trading, deposits, and withdrawals. The lender is exploring improvements in its corporate performance through restructuring exercises.