TechFlow News, according to The Block citing sources, crypto lending platform Nexo has abandoned its plan to acquire fellow crypto lender Vauld. The deal failed due to several factors: Vauld suffered heavy losses during the Terra collapse; Indian authorities seized some of its assets; certain funds remain inaccessible following FTX's bankruptcy; and Amber Group owes Vauld a significant amount. Additionally, Vauld’s primary customer base is in the United States, while Nexo recently announced its exit from the U.S. market, rendering the acquisition meaningless.Original link
Add to Favorites
Share to Social Media
