• Market Cap: $1,147,439,647,472.72
  • 24h Vol: $37,971,005,123.63
  • BTC Dominance: 44.68%
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

Crypto lender Vauld seeks protection against creditors: Report

Jon Hartney by Jon Hartney
July 21, 2022
in Bitcoin, Blockchain, Business, Market
0
Crypto lender Vauld seeks protection against creditors: Report
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The crypto exchange, which is backed by Peter Thiel and Coinbase, halted withdrawals in July following an apparent run on its assets.

Singapore crypto exchange Vauld Group is seeking a moratorium against its creditors — a move that would give the troubled lender more time to restructure its business after collapsing asset prices impacted its operations earlier this month.

Vauld filed an application in Singapore on July 8 seeking a moratorium order, The Wall Street Journal reported Wednesday. If granted, the moratorium would provide the distressed lender more time to seek out a proper restructuring plan.

Related articles

Bitcoin Can Save California’s Largest Pension Fund From Its Existential Problems

Bitcoin Can Save California’s Largest Pension Fund From Its Existential Problems

June 8, 2023
SEC’s crypto actions surged 183% in 6 months after the FTX collapse

SEC’s crypto actions surged 183% in 6 months after the FTX collapse

June 8, 2023

The Journal said a Singaporean moratorium order is similar to Chapter 11 bankruptcy in the United States, although the moratorium helps the company avoid complete closure.

Vauld issued a statement on July 11 informing the public that it would pursue a moratorium order to give management “the breathing space it requires to prepare for the intended restructuring for the benefit of all stakeholders.” However, as the Journal reported, the moratorium application was filed three days prior.

Related: Source claims 3AC’s Deribit exposure is worth much less than reported

On July 4, Vauld suspended deposits, withdrawals and trading due to adverse market conditions, capping off a volatile three-week stretch where customers tried to withdraw nearly $198 million from the platform. Around the same time that Vauld was experiencing a run on assets, CEO Darshan Bathija announced that his company would be cutting 30% of its staff.

We've taken the painful decision to reduce Vauld's headcount by about 30%

More information: https://t.co/gD7epuXuvo

— Darshan Bathija (@darshanbathija) June 21, 2022

The collapse of the Terra ecosystem in May exposed the crypto industry’s over-leveraged players, resulting in the high-profile bankruptcies of Celsius Network, Voyager Digital and Three Arrows Capital. Several exchanges have temporarily suspended trading operations due to liquidity constraints.

Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

Bitcoin Can Save California’s Largest Pension Fund From Its Existential Problems

Bitcoin Can Save California’s Largest Pension Fund From Its Existential Problems

by Jon Hartney
June 8, 2023
0

California’s largest pension fund has significant unfunded liabilities Operators owe it to the workforce to explore how Bitcoin can

SEC’s crypto actions surged 183% in 6 months after the FTX collapse

SEC’s crypto actions surged 183% in 6 months after the FTX collapse

by Jon Hartney
June 8, 2023
0

The regulator stepped up enforcement actions in the crypto space following the revelations that took place around FTX

SEC is killing innovation in the United States — 1inch co-founder

SEC is killing innovation in the United States — 1inch co-founder

by Jon Hartney
June 8, 2023
0

US-based Web3 companies and cryptocurrency exchanges could be pushed offshore following enforcement actions against

NFT platform Enjin forks Polkadot parachain Efinity to new mainnet

NFT platform Enjin forks Polkadot parachain Efinity to new mainnet

by Jon Hartney
June 8, 2023
0

Enjin chief technology officer Witek Radomski said the new blockchain aims to promote creativity by facilitating the

Polygon Labs president testifies on democratizing the internet with Web3, blockchains

Polygon Labs president testifies on democratizing the internet with Web3, blockchains

by Jon Hartney
June 8, 2023
0

The US House Committee explores blockchain and Web3’s future as industry leaders testify on democratizing the

Load More
  • Trending
  • Comments
  • Latest
NEXO risks 50% drop due to regulatory pressure and investor concerns

NEXO risks 50% drop due to regulatory pressure and investor concerns

September 30, 2022
51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

October 14, 2022
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022
Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner

Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner

October 11, 2022
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0
Crypto owners banned from working on US Government crypto policies

Crypto owners banned from working on US Government crypto policies

0
Korean startup Uprise lost $20M shorting LUNC

Korean startup Uprise lost $20M shorting LUNC

0
Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0
Bitcoin Can Save California’s Largest Pension Fund From Its Existential Problems

Bitcoin Can Save California’s Largest Pension Fund From Its Existential Problems

June 8, 2023
SEC’s crypto actions surged 183% in 6 months after the FTX collapse

SEC’s crypto actions surged 183% in 6 months after the FTX collapse

June 8, 2023
SEC is killing innovation in the United States — 1inch co-founder

SEC is killing innovation in the United States — 1inch co-founder

June 8, 2023
NFT platform Enjin forks Polkadot parachain Efinity to new mainnet

NFT platform Enjin forks Polkadot parachain Efinity to new mainnet

June 8, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • Bitcoin Can Save California’s Largest Pension Fund From Its Existential Problems June 8, 2023
  • SEC’s crypto actions surged 183% in 6 months after the FTX collapse June 8, 2023
  • SEC is killing innovation in the United States — 1inch co-founder June 8, 2023
  • NFT platform Enjin forks Polkadot parachain Efinity to new mainnet June 8, 2023
  • Polygon Labs president testifies on democratizing the internet with Web3, blockchains June 8, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$26,451.00-1.41%
  • ethereumEthereum(ETH)$1,845.50-1.14%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.21%
  • binancecoinBNB(BNB)$265.08-2.69%
  • usd-coinUSD Coin(USDC)$1.00-0.07%
  • rippleXRP(XRP)$0.52-1.61%
  • staked-etherLido Staked Ether(STETH)$1,843.45-1.20%
  • cardanoCardano(ADA)$0.328323-2.94%
  • dogecoinDogecoin(DOGE)$0.068108-0.14%
  • solanaSolana(SOL)$18.91-4.81%
  • matic-networkPolygon(MATIC)$0.78-1.68%
  • tronTRON(TRX)$0.0775480.02%
  • litecoinLitecoin(LTC)$88.12-2.38%
  • polkadotPolkadot(DOT)$5.02-2.14%
  • binance-usdBinance USD(BUSD)$1.00-0.19%
  • avalanche-2Avalanche(AVAX)$13.94-3.17%
  • shiba-inuShiba Inu(SHIB)$0.000008-0.36%
  • daiDai(DAI)$1.00-0.18%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,452.00-1.49%
  • uniswapUniswap(UNI)$4.64-1.15%
  • leo-tokenLEO Token(LEO)$3.530.43%
  • chainlinkChainlink(LINK)$6.00-1.07%
  • cosmosCosmos Hub(ATOM)$9.58-3.50%
  • okbOKB(OKB)$44.37-2.04%
  • moneroMonero(XMR)$144.21-1.08%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.11%
  • ToncoinToncoin(TON)$1.660.16%
  • ethereum-classicEthereum Classic(ETC)$16.99-1.29%
  • stellarStellar(XLM)$0.087258-1.49%
  • bitcoin-cashBitcoin Cash(BCH)$111.91-0.57%
  • true-usdTrueUSD(TUSD)$1.000.12%
  • lido-daoLido DAO(LDO)$2.19-8.39%
  • internet-computerInternet Computer(ICP)$4.18-3.24%
  • filecoinFilecoin(FIL)$4.14-3.71%
  • quant-networkQuant(QNT)$111.28-4.00%
  • AptosAptos(APT)$7.77-2.97%
  • crypto-com-chainCronos(CRO)$0.059517-0.14%
  • hedera-hashgraphHedera(HBAR)$0.048546-2.04%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • ArbitrumArbitrum(ARB)$1.13-2.37%
  • vechainVeChain(VET)$0.017845-3.37%
  • nearNEAR Protocol(NEAR)$1.42-3.41%
  • apecoinApeCoin(APE)$2.91-2.01%
  • the-graphThe Graph(GRT)$0.114679-1.74%
  • paxos-standardPax Dollar(USDP)$1.00-0.20%
  • fraxFrax(FRAX)$1.00-0.36%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • eosEOS(EOS)$0.890.92%
  • rocket-poolRocket Pool(RPL)$47.43-2.09%
  • algorandAlgorand(ALGO)$0.125254-5.90%
  • the-sandboxThe Sandbox(SAND)$0.493726-3.31%
  • blockstackStacks(STX)$0.651.25%
  • elrond-erd-2MultiversX(EGLD)$35.02-2.99%
  • optimismOptimism(OP)$1.39-1.72%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,983.16-1.01%
  • aaveAave(AAVE)$59.93-1.71%
  • fantomFantom(FTM)$0.294685-1.50%
  • render-tokenRender(RNDR)$2.23-3.22%
  • tezosTezos(XTZ)$0.84-4.09%
  • theta-tokenTheta Network(THETA)$0.77-1.15%
  • decentralandDecentraland(MANA)$0.420054-5.11%
  • usddUSDD(USDD)$1.00-0.14%
  • immutable-xImmutableX(IMX)$0.72-0.29%
  • axie-infinityAxie Infinity(AXS)$6.25-4.59%
  • BitDAOBitDAO(BIT)$0.481798-1.91%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.80-0.45%
  • radixRadix(XRD)$0.067026-1.48%
  • havvenSynthetix Network(SNX)$2.13-3.84%
  • Bitget TokenBitget Token(BGB)$0.4805670.92%
  • kucoin-sharesKuCoin(KCS)$6.83-3.06%
  • flowFlow(FLOW)$0.63-3.63%
  • neoNEO(NEO)$9.04-2.51%
  • galaGALA(GALA)$0.026145-1.92%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • curve-dao-tokenCurve DAO(CRV)$0.76-2.70%
  • terra-lunaTerra Luna Classic(LUNC)$0.0001002.54%
  • bitcoin-cash-svBitcoin SV(BSV)$30.33-0.54%
  • gemini-dollarGemini Dollar(GUSD)$1.000.10%
  • makerMaker(MKR)$630.490.27%
  • gatechain-tokenGate(GT)$4.05-2.04%
  • kavaKava(KAVA)$1.00-8.36%
  • injective-protocolInjective(INJ)$6.97-2.83%
  • klay-tokenKlaytn(KLAY)$0.164648-7.41%
  • marumaruNFTmarumaruNFT(MARU)$0.24991121.40%
  • bittorrentBitTorrent(BTT)$0.0000010.08%
  • iotaIOTA(MIOTA)$0.180858-1.70%
  • pax-goldPAX Gold(PAXG)$1,921.88-0.42%
  • Tokenize XchangeTokenize Xchange(TKX)$6.15-2.91%
  • casper-networkCasper Network(CSPR)$0.044273-0.28%
  • compound-ethercETH(CETH)$37.04-1.17%
  • conflux-tokenConflux(CFX)$0.230726-3.31%
  • tether-goldTether Gold(XAUT)$1,948.55-0.49%
  • xdce-crowd-saleXDC Network(XDC)$0.0344411.85%
  • chilizChiliz(CHZ)$0.087856-3.96%
  • PepePepe(PEPE)$0.000001-2.45%
  • huobi-tokenHuobi(HT)$2.84-1.01%
  • binaryxBinaryX(BNX)$165.90-5.97%
  • mina-protocolMina Protocol(MINA)$0.494147-2.01%
  • gmxGMX(GMX)$51.26-2.89%