TechFlow news — Cryptocurrency exchange Vauld plans to restructure its board by introducing a new CEO, creditor representative, and plan manager. According to the current CEO and co-founder of the platform, these newly appointed individuals will oversee the rescue plan.
Vauld’s CEO and co-founder Darshan Bathija stated in a tweet: "Vauld's scheme of arrangement has been approved by the Singapore court. As part of this plan, the existing board will be replaced by a new CEO, creditor representative, and plan manager." Bathija also noted that customers are currently updating their KYC details.
Previously, in August 2022, Indian authorities froze $46.4 million worth of assets from its domestic operations over alleged money laundering.
Add to Favorites
Share to Social Media
