Vauld receives a further extension of the creditor protection from the High Court in Singapore

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Von Krypto News Österreich

Der notleidenden Krypto-Kreditplattform Vauld wurde vom Singapore High Court eine weitere Verlängerung des Gläubigerschutzes bis zum 24. März gewährt, in der das Unternehmen Wiederbelebungspläne ausarbeiten wird. Vauld stoppte im vergangenen Sommer die Abhebungen für seine Kunden, nachdem es inmitten übermäßiger Turbulenzen auf dem Markt in weniger als zwei Wochen von Abhebungen im beispiellosen Wert von 200 Millionen US-Dollar betroffen war. Der Kreditgeber, der unter anderem von Coinbase Ventures, Valar Ventures von PayPal-Mitbegründer Peter Thiel und CMT Digital unterstützt wird, verfügte über Vermögenswerte im Wert von rund 330 Millionen US-Dollar und Verbindlichkeiten im Wert von 400 Millionen US-Dollar. Der Deal mit …
The Singapore High Court, the needy crypto loan platform Vauld, granted a further extension of the creditor protection by March 24, in which the company will work out resuscitation plans. Vauld stopped the withdrawals for his customers last summer, after it was affected in less than two weeks in the middle of excessive turbulence on the market by withdrawals in the unprecedented value of $ 200 million. The lender, who is supported by Coinbase Ventures, Valar Ventures by PayPal co-founder Peter Thiel and CMT Digital, had assets worth around $ 330 million and liabilities worth $ 400 million. The deal with ... (Symbolbild/KNAT)

The necessary crypto credit platform Vauld was granted a further extension of creditors by the Singapore High Court by March 24, in which the company will work out resuscitation plans.

Vauld stopped the withdrawals for its customers last summer, after it was affected in less than two weeks in less than two weeks in the middle of excessive $ 200 million. The lender, who is supported by Coinbase Ventures, Valar Ventures by PayPal co-founder Peter Thiel and CMT Digital, had assets worth around $ 330 million and liabilities worth $ 400 million

  • The deal with its competing lender Nexo failed, whereupon the company requested creditor protection in Singapore. The first moratorium was granted for three months.
  • Vauld claimed that Nexo failed to provide the necessary details to underpin his demand for solvency. This prompted the former to cancel the talks.
  • During the last creditor protection, which expires on February 28th, Vauld announced that they had entered advanced stages of negotiations with potential crisis managers. It received offers from two digital asset fund managers for a possible takeover.
  • in an explanation of cryptopotato said Vauld,

"This restructuring plan depends on the fact that the restructuring is only carried out after a plan has passed a believer meeting to be convened by Defi Payment, in which all creditors are bound to the conditions of the plan."

  • The creditors submitted an affidavit last week to prevent the company from applying for a further extension of its moratorium.
    • According to reports, the new affidavit at the court in Singapore in Singapore was submitted by Jonathan Jeremy Edelman, which was authorized by the creditors William Doerrfeld, Samuel Burton, Jeffrey Hawerbush and Brian Murray.
  • Vauld owes the four men almost $ 2.23 million.

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