Troubled crypto lender Vauld was granted creditor protection for three months by Singapores High Court. This gives the company some breathing space as it continues its negotiations for its acquisition by its rival Nexo. The Singapore High Court granted Defi Payments Ltd, the parent firm of crypto lender Vauld, three-month protection from its creditors, Bloomberg reported. During this period, which would last until November 7, 2022, the companys 147,000 creditors wont be able to take legal action against the firm. The moratorium was granted by Justice Aedit Abdullah during a court...
source: https://tokenpost.com/Crypto-lender-Vauld-granted-a-3-month-creditor-protection-as-it-continues-its-talks-with-rival-Nexo-9721
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