Crypto Lending Platform Vauld Gets an Extension of Temporary Protection from Creditors
Crypto lending platform Vauld has achieved an extension of the moratorium on proceedings until January 20, 2023.
The High Court of Singapore has not satisfied the deadline requested by the company, which was until March 7. If Vauld reapplies for an extension, the hearing will take place on January 17.
Representatives of the platform must provide affidavits regarding the problems that have arisen until November 25.
According to the company:
“We are looking to alleviate the hardships our creditors are facing and are working on a restructuring that is in their best interest.”
The crypto lending platform announced in July a suspension of operations and a possible restructuring due to financial difficulties.