Vauld

Bankrupt startup Vauld’s users currently have time till October 16 to withdraw their funds.

Troubled crypto lending startup Vauld to get new CEO, board members to bailout creditors

Darshan Bathija, co-founder and CEO of Vauld, said that the startup got its scheme of arrangement passed in Singapore courts. As part of the scheme, the current board will be replaced with a new CEO, a creditor representative, and a scheme manager.

Angry creditors file affidavit to block Vauld's third moratorium extension

Creditors alleged lack of transparency and failed attempt at coming up with a restructuring scheme in the affidavit accessed by Moneycontrol.

Nexo's acquisition of Coinbase-backed Vauld called off

Vauld and its newly formed Committee of Creditors rejected Nexo’s recently updated proposal and terms. The company’s moratorium too has been extended by another two months.

Coinbase-backed Vauld seeks 4 months more on moratorium as recast talks continue

Nexo too takes a 30-day extension for due diligence before acquiring Vauld

Crypto investment startup Pillow raises $18 million led by Accel and Quona Capital

Founded in 2021 by Arindam Roy, Rajath KM, and Kartik Mishra, the startup has grown to a community of more than 75,000 users in over 60 countries.

Crypto exchange ZebPay's CEO Avinash Shekhar quits; to launch his own web 3.0 start-up

But ZebPay has big plans, going forward. Not just operating as a cryptocurrency exchange, which looks to be an unsustainable business proposition amidst the ongoing turmoil, ZebPay is exploring solutions such as becoming a financial advisor, almost like a crypto investment bank, for cryptocurrency start-ups.

Vauld proposes to set up Committee of Creditors

The CoC is intended to act as a consultative committee and represent other creditors

Vauld disagrees with ED freeze on Rs 370-crore bank assets for money laundering

Vauld is accused of lax KYC norms, loose regulatory control of allowing transfers to foreign wallets and non-recording of transactions on blockchains

Watch | MC Explains: What happens to investors’ money when crypto firms go bust?

Crypto lending platforms bore the brunt of plunging cryptocurrencies in the first half of 2022. Lenders like Voyager Digital, Vauld and Celsius faltered and froze withdrawals, leaving hundreds of investors in the lurch. So, what really happens to investors’ money when these crypto firms go bust -- and do investors have any recourse? Watch this video to get the complete picture!

In third affidavit, Vauld names its top 20 creditors

Most of the creditors are in support of Vauld's application except around eight from the top 20 creditors, as per the affidavit.

Singapore court grants three-month moratorium to Vauld

Vauld's operations remain suspended as customers await withdrawals

Creditors take action against crypto firm Vauld

Earlier this month, the company said its group firm has assets worth $330 million and liabilities worth $400 million

An unbalanced sheet—Explainer on the asset-liability mismatch in crypto lending firms

Apart from the plummeting prices in recent months, a mismatch in the assets and liabilities of crypto lending firms like Vauld and Celsius Network was flagged by experts as a major concern in the business models of the companies operating in the space. A closer look at the balance sheets of these firms tells a story unique to the crypto lending segment.

Vauld discloses shortfall of $70 million in letter to creditors

The crypto lender has said the main factors for the shortfall are mark-to-market losses on bitcoin, ether, and Polygon trades as well as exposure to the collapsed algorithmic stablecoin terraUSD, The Block has reported

Vauld seeks moratorium for six months, has liabilities worth $400 million

The group company has assets worth ~$330 million and liabilities worth ~$400 million at this time, said the company.

Storyboard18 | Are crypto investors losing faith in finfluencers?

The news of cryptocurrency exchange Vauld suspending all its transactions has raised questions about finfluencers promoting the brand and the high-risk category.

Are your crypto investments safe? Vauld's collapse raises many questions

This week’s move by crypto platform Vauld to suspend trading and withdrawals with immediate effect has shocked the crypto investor community.

Distressed Vauld likely to be acquired by crypto lender Nexo

The cryptocurrency exchange had on July 4 suspended all withdrawals, trading and deposits on its platform with immediate effect

Crypto lender Nexo plans to buy fellow lender Vauld

On Tuesday, cryptocurrency lender Nexo announced plans to acquire rival lender Vauld, the latest indication of sector consolidation as prices fall.

Vauld halts crypto withdrawals, citing market conditions

CEO Darshan Bathija says the financial difficulties of its key partners affected Vauld and that customers have withdrawn over $197.7 million since June 12, 2022. The Singapore-based firm has most of its employees in India.

Coinbase-backed Vauld suspends crypto withdrawals, seeks new investors citing financial challenges

Vauld intends to apply to Singapore courts for a moratorium i.e. a suspension of the commencement or continuation of any proceedings against the company until it figures the best course of action.

Exclusive: Coinbase-backed crypto exchange Vauld lays off 30% of workforce, takes other measures to cut costs

Vauld will be looking at reducing marketing expense, slowing hiring, reducing executive compensation by 50% and pausing most vendor engagements

Moneycontrol Masterclass | Crypto slump to last up to 18 more months

Indian crypto exchanges are facing additional challenges on taxation and withdrawal of support from banks in the absence of regulations

Budget 2022 slapping a 30% tax on crypto income will hurt new investors: Experts

Finance Minister Nirmala Sitharaman announced a 30 percent tax rate and 1 percent TDS for gains made from virtual assets and transfers in the Budget.