Crypto Lending Platform Vauld Has $10M Stuck in FTX Accounts
Main page News, Cryptocurrency Exchanges, FTX

Cryptocurrency lending platform Vauld has $10 million in accounts from bankrupt FTX.

FTX is reportedly one of Vauld's partner cryptocurrency exchanges.

Tomorrow, November 19, the platform will hold a meeting involving representatives of the creditors' committee and a potential buyer, its competitor Nexo.

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Disclosure of information about Vauld's connection to FTX could lead to the collapse of the deal. In this scenario, the platform will consider other options: issue its own token and raise capital.

Last July 4, Vauld announced the suspension of operations and a possible restructuring due to financial difficulties.

It subsequently became known the amount of the platform's outstanding debt amounted to $402 million.

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