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Crypto lender Vauld granted three-month protection from creditors

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cointelegraph.com

Embattled crypto lending platform Vauld has been granted a short period of reprieve from creditors after being given a three-month moratorium by the Singapore High Court on Monday.

Its initial request by Vauld's parent company Defi Payment Limited for a six-month moratorium was reportedly denied by Justice Aedit Abdullah on August 1, citing concerns that a lengthier moratorium "won't get adequate supervision and monitoring," according to a Bloomberg report.Under the moratorium, Defi Payments would be protected from wind-up resolutions, the appointment of a receiver or manager, and any legal proceedings that could be directed toward the company, including any that could be laid out by its 147,000 creditors.

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