Crypto Lender Vauld Freezes Withdrawals, Eyes Restructuring
- Vauld hird Kroll as financial adviser to explore options
- Crypto lenders including Celsius, Babel are also struggling
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Vauld, a crypto lender backed by Coinbase Inc., said it froze withdrawals and hired advisers to explore a potential restructuring, joining rivals from Celsius Network to Babel Finance in resorting to last-ditch measures to survive the market rout.