On July 4, the crypto lender Vauld announced it suspended withdrawals, trading, and deposits after disclosing the firm is “facing challenges.”
the crypto company was “temporarily suspending trading, deposits, withdrawals and loyalty rewards.”
Vauld revealed it was doing the same on Monday, July 4, when the company tweeted: “We are facing challenges despite our best efforts. This is due to a combination of circumstances such as the volatile market conditions, the financial difficulties of our key business partners inevitably affecting us, and the current market climate,” Vauld’s founderThis has resulted in significant customer withdrawals in excess of $197.
Vauld continued by highlighting that the startup is currently working with financial and legal advisors in India and Singapore. The firm also mentioned the company is talking about restructuring options with the advisors and methods that would “best protect the interests of Vauld’s stakeholders.” Vauld intends to apply with the Singapore courts to protect the firm from any proceedings and ask for time so Vauld can have “breathing space to carry out the proposed restructuring exercise.
In the meantime, we have made the difficult decision to suspend all withdrawals, trading, and deposits on the Vauld platform [effective immediately]. Bathija says that the company believes the suspension will help Vauld explore potential restructuring options. While Vauld mentioned a massive number of withdrawals took place on June 12, the same day Celsius paused operations, Blockfi’s co-founder Zac Prince noted that his companyFollowing Vauld’s announcement, customers were
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Russian Media Censor Roskomnadzor Blocks Major Crypto News Website – Bitcoin NewsBits.media, a leading news outlet in Russia’s crypto space, has been blocked by Russia’s telecom and mass media watchdog, Roskomnadzor.
続きを読む »
BTC's Lower Price Shrinks Bitcoin Mining Profits, Hashrate Remains Unaffected – Mining Bitcoin NewsDespite miner profits sliding, Bitcoin’s hashrate has remained high coasting along at 180 exahash per second (EH/s) to 261 EH/s.
続きを読む »
Kuwait-Based Islamic Bank Enters the Metaverse – Metaverse Bitcoin NewsWarba Bank's presence in the metaverse is expected to bolster its communication with the young generation. metaverse virtualreality
続きを読む »
Tax Agency Starts Checking Crypto Traders in Romania – Taxes Bitcoin NewsAuthorities in Romania are going after investors who failed to report revenues from cryptocurrency trading and pay their taxes.
続きを読む »
Bitcoin.com NewsEric Schmidt, the former CEO of Google, has expressed a degree of skepticism when it comes to the importance and adoption that metaverse tech could have for the future of humanity.
続きを読む »
Bitcoin.com NewsBitcoin News is the world's premier 24/7 news feed covering everything bitcoin-related, including world economy, exchange rates and money politics.
続きを読む »