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
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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.