Troubled Vauld May Be Acquired and Come Under ‘Nexo Umbrella’
Source: AdobeStock / AndriiKovalSingapore-based crypto lender Vauld may get acquired by major crypto lender Nexo (NEXO).The news was announced by Vauld CEO Darshan Bathija today, stating that the exchange has signed “an indicative term sheet” with Nexo to buy “up to 100% of Vauld.”The CEO added that,“The completion of this transaction is pending
Troubled Crypto Hedge Fund 3AC Reprimanded by Singapore’s Monetary Authority, Liquidators Eye Su Zhu’s Properties
On Wednesday, it was reported that the crypto hedge fund Three Arrows Capital (3AC) was liquidated by a British Virgin Islands court and following the alleged liquidation, the Monetary Authority of Singapore (MAS) has reprimanded 3AC for misleading regulators. Furthermore, reports claim that liquidators in Singapore are attempting to seize the properties owned