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Singapore court grants three-month moratorium to Vauld
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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.comAbout this in other media
Court grants Coinbase-backed Vauld 3-month protection from creditors ambcrypto.com /1 week ago
Zipmex gradually resuming Z Wallet withdrawals, says debt moratorium is not bankruptcy cointelegraph.com /1 week ago
Crypto lender Vauld granted three-month protection from creditors cointelegraph.com /1 week ago
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