TechFlow news — Vauld and its Committee of Creditors (COC) have rejected rival crypto lender Nexo's "final" acquisition proposal due to concerns over Nexo's financial health and other issues.
On December 26, Nexo presented the offer to Vauld’s creditors in an open letter. However, Vauld rejected the proposal, stating that it contained no significant changes compared to previous offers. As a result, Vauld continues to seek answers from Nexo on two key issues: how Nexo plans to handle claims from Vauld’s U.S.-based creditors given its recent announcement of market exit plans, and whether Nexo is in sound financial condition.Original link
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