TechFlow News — Darshan Bathija, CEO of Singapore-based crypto lending platform Vauld, said the company is facing financial difficulties due to a combination of market turmoil and financial challenges faced by its business partners. As a result, Vauld has decided to immediately suspend all withdrawals, trading, and deposits on its platform.
Vauld is reportedly open to potential restructuring options. The company has appointed Kroll as its financial advisor, and Cyril Amarchand Mangaldas and Rajah & Tann Singapore LLP as its legal counsel in India and Singapore, respectively. "Our management team is working closely with financial and legal advisors to analyze and explore all viable options, including potential restructuring, to best protect the interests of Vauld's stakeholders," said Bathija.
