Against a backdrop of declining cryptocurrency prices and increasing customer withdrawals, the Singapore-based crypto firm Vauld joined an increasing list of crypto-based entities halting withdrawals and even trading, with the company admitting, on July 4, to be facing financial challenges brought upon by the existing volatile market conditions. This follows news of crypto firms such as Celsius, Voyager, Terraform Labs, and the hedge fund Three Arrows Capital (3AC) having either suspended all trading activity or even declared bankruptcy, as is...
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