Cryptocurrency lender Vauld halts Withdrawals and Considers Restructuring
Along with competitors including Celsius Network and Babel Finance, Vauld, a cryptocurrency lender supported by Coinbase Inc., said it suspended withdrawals and recruited advisers to investigate a potential restructuring...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Along with competitors including Celsius Network and Babel Finance, Vauld, a cryptocurrency lender supported by Coinbase Inc., said it suspended withdrawals and recruited advisers to investigate a potential restructuring to withstand the market crash. According to Chief Executive Officer Darshan Bathija's blog post on Monday, the Singapore-based company has retained Cyril Amarchand Mangaldas and Rajah & Tann Singapore LLP as legal and financial advisers, respectively. The site has halted all trading, deposits, and withdrawals.
Less than three weeks after declaring that withdrawals were being processed as usual and continuing to be the case in the future, ...
Read The Full Article On CryptoCurrencyNews.com
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.
All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoCurrencyNewsRelated market context
Ethereum Client Updates Address Certificate Risk in Teku and Besu
TL;DR: Ethereum software teams have published updates addressing trust-store exposure tied to compromised certificate-authority ke...
Uniswap Volume Tops $5.97 Billion as Ethereum Trading Surges
Ethereum accounted for $4.22 billion of the day's trading, while activity also increased at PancakeSwap, Curve and Raydium.... Rea...
LIVE: Binance suspends withdrawals amid massive crypto hack
Billions of dollars worth of digital assets left wallets controlled by the world’s largest crypto exchange, Binance, on Thursday a...
Stellar climbs to second place in active developers, behind only Ethereum
Stellar's surge in developer activity signals robust ecosystem growth, potentially enhancing its competitive edge and innovation c...
Ethereum clients patch vulnerability to prevent ETH reward redirection
The swift patching of Ethereum's vulnerability underscores the importance of robust governance and proactive security in blockchai...
Coinbase Lists $2.6B RLUSD Across XRP Ledger, Ethereum and Base
Key Takeaways: Coinbase has included RLUSD for Retail, Exchange and Prime. Users can relocate the digital asset RLUSD on XRP Ledge...