Darshan Bathija Singapore city Singapore cryptocurrency Nexo Vauld Darshan Bathija Singapore city Singapore

Singapore court grants three-month moratorium to Vauld

Reading now: 600
moneycontrol.com

A Singapore court on August 1, granted a three-month moratorium to cryptocurrency lending start-up Vauld till November 7, 2022.

Following demand letters from a few creditors, the judge further gave a deadline of four weeks to the company to explore mechanisms for withdrawal for creditors in need.All the creditors will get updated financial details on the Coinbase-backed company in another eight weeks, the court said in a virtual hearing.Vauld was earlier seeking a six-month moratorium from the court to strategise the company’s way out of its ongoing liquidity crunch and possible acquisition by London-based crypto lender Nexo.

Read more on moneycontrol.com
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA