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Vauld halts client withdrawals and hires advisors for potential restructuring
Vauld, a Singapore-based crypto trading and lending platform with most of its team in India, has become the latest crypto firm to halt customer withdrawals amid the market tumult. CEO Darshan Bathija said in a blog post on Monday that the firm has "made the difficult decision to suspend all withdrawals, trading and deposits on the Vauld platform with immediate effect." Vauld is struggling financially due to a combination of factors, including a volatile market and the financial difficulties of business partners, according to Bathija. Since June 12, the platform has seen customer withdrawals of nearly $198 million, ... (full story)