Skip to content

Ailing Singapore Crypto Firm Vauld Gets More Time to Restructure

  • Vauld’s creditor protection period extended to Feb. 28
  • The lender has been in simmering dispute with rival Nexo

A Singapore court extended the period of creditor protection for crypto lender Vauld to Feb. 28 because the company has yet to come up with a revival plan, according to a person familiar with the matter. 

Vauld, which froze customer withdrawals in July and hired advisers to explore a restructuring, has received bids from two digital-asset fund managers to take over management of the tokens stuck on its platform, the person added, asking not to be identified discussing private information.