Crypto Lending Platform Vauld Has $10M Stuck in FTX Accounts
Main page News, Cryptocurrency Exchanges, FTX
Hot topic
Nov. 18, 2022

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.

Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world

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.

Read also:
Please describe the error
Close