{"id":539938,"date":"2023-01-17T12:52:05","date_gmt":"2023-01-17T09:52:05","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/troubled-crypto-lender-vauld-gets-extended-creditor-protection\/"},"modified":"2023-01-17T12:52:05","modified_gmt":"2023-01-17T09:52:05","slug":"troubled-crypto-lender-vauld-gets-extended-creditor-protection","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/troubled-crypto-lender-vauld-gets-extended-creditor-protection\/","title":{"rendered":"# Troubled crypto lender Vauld gets extended creditor protection"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a26b4d93b327\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a26b4d93b327\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/troubled-crypto-lender-vauld-gets-extended-creditor-protection\/#%E2%80%9D_Troubled_crypto_lender_Vauld_gets_extended_creditor_protection_%E2%80%9C\" >&#8221; Troubled crypto lender Vauld gets extended creditor protection &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Troubled_crypto_lender_Vauld_gets_extended_creditor_protection_%E2%80%9C\"><\/span>&#8221; Troubled crypto lender Vauld gets extended creditor protection &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDEvYWFhYTZmYWMtMTI5OS00YjEzLTkzNTctYTNlMGZmNjgwNDQ2LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a4050f8>Embattled crypto lending platform Vauld one more time gets the period of creditor protection from a Singapore court. The company should come up with a revival plan before Feb. 28.\u00a0<\/p>\n<p>As reported by Bloomberg on Jan. 17, Vauld has been <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-01-17\/ailing-singapore-crypto-firm-vauld-gets-more-time-to-restructure?sref=323RPL5z\">granted<\/a> more than a month to close its negotiations with one of two digital-asset fund managers to take over the executive control of the tokens stuck on its platform. <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>arently, the Singapore high court was satisfied by the company\u2019s claim that the negotiations have entered to the \u201cadvanced stage.\u201d<\/p>\n<p>In July 2022 the platform halted the withdrawals for its 800,000 customers, citing unfavorable market conditions and an unprecedented $200 million worth of withdrawals in under two weeks. In August, it has already been granted a three-month moratorium to come up with a restructuring plan for the business and provide a better outcome for its creditors. Back then the judge denied the company\u2019s request for a six-month protection period, citing concerns that a lengthier moratorium \u201cwon\u2019t get adequate supervision and monitoring.\u201d<\/p>\n<p>From the very beginning of the first moratorium, it became known that Nexo, a Swiss-headquartered crypto lender, intended to acquire Vauld with all its assets. However, after Nexo\u2019s own office in Bulgaria has been raided by the prosecutors, Vauld denied any possibility of this deal. <\/p>\n<p><strong><em><u>Related: <\/u><\/em><\/strong><strong><em>3AC, Coinflex founders collaborating to raise $25M for new claims trading exchange<\/em><\/strong><\/p>\n<p>That\u2019s not the first time Singapore authorities demonstrate their readiness to let the troubled crypto companies fix their problems. Another major Singapore-based platform, Zipmex, has also been granted a three-month moratorium to sort out liquidity issues in August. <\/p>\n<p>However, the fate of crypto lending in the country remains unclear with Singapore\u2019s central bank proposing banning digital payment token service providers from offering \u201cany credit facility\u201d to consumers, including both fiat and cryptocurrencies.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/troubled-crypto-lender-vauld-gets-extended-creditor-protection\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Troubled crypto lender Vauld gets extended creditor protection &#8220; Embattled crypto lending platform Vauld one more time gets the period of creditor protection from a Singapore court. The company should come up with a revival plan before Feb. 28.\u00a0 As reported by Bloomberg on Jan. 17, Vauld has been granted more than a month&#8230;<\/p>\n","protected":false},"author":1,"featured_media":539939,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/aaaa6fac-1299-4b13-9357-a3e0ff680446.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[77595,138432,117,70934,5012],"class_list":["post-539938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-lending","tag-nexo","tag-business","tag-regulation","tag-singapore"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/539938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=539938"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/539938\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/539939"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=539938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=539938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=539938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}