Lending platform Vauld suspends transactions
Vauld suspends all transactions on the platform to look into restructuring options amidst the crypto market downturn
By Shashank Bhardwaj
Singapore-based crypto trading and lending platform Vauld has suspended all customer withdrawals, deposits and trading on its platform from Monday. The platform is looking to restructure its platform after it witnessed withdrawals worth $198 million since the June 12 Celsius debacle.
On July 4, in a statement issued by Vauld, CEO Darshan Bathija announced the withdrawal suspension. “This is due to a combination of circumstances such as the volatile market conditions, the financial difficulties of our key business partners inevitably affecting us, and the current market climate.”
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Terra buys $200 million in AVAX for reservesRead More..
Bitcoin will remain as a standard: Chess world champion Garry KasparovRead More..
Coinbase launches in IndiaRead More..
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Germany closes Russian darknet marketplace HydraRead More..
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Crypto industry reels from $600 million hackRead More..
NFT of Nelson Mandela's arrest warrant auctioned for $130,000Read More..
Bank of England calls for tighter regulation of cryptocurrenciesRead More..
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Cryptocurrencies enter Russia-Ukraine conflictRead More..
Russia seeks to regulate cryptocurrenciesRead More..
Donald Trump's NFT collection to laud his own presidencyRead More..