.Nexo's agreement to potentially buy VauldOfficial is canceled five months after an initial agreement is signed. sheldonreback reports.
in Singapore earlier the same month and has until Jan. 20 to work on a restructuring plan. In June, firm said it would lay off 30% of its staff.to its creditors, with 90% of that debt originating from individual retail investor deposits. A month after it filed for creditor protection, Indian authorities froze assets worth 3.7 billion rupees .
In explaining the end of the transaction, Vauld said Nexo hadn't responded to due diligence requests for a solvency assessment that would provide its creditors with assurance. It also pointed to Nexo's Dec. 5 announcement it was , possibly leaving Vauld's customers in the country without a way of having their claims handled. A third point was the proposal failed to offer Vauld creditors an early exit option, which it said was vital to a successful restructuring.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Xmas dinner table: What to tell your family about what happened in crypto this yearIf you've been talking up the crypto world to your loved ones, you might have some explaining to do about 2022. Check out our latest article for a helpful recap to guide those awkward conversations.
Lire la suite »
Crypto can get weird: The 5 strangest stories of the industry in 2022From a hack leading to a rap career and Netflix series to a bankrupt company's token soaring 4,000%, these stories are stranger than fiction. Follow the link for more.
Lire la suite »
Ethereum DeFi Apps Prove Centralized as This Rising Metric Shows: Willy Woo.ethereum under control of the US government, woonomic says as already 69% of blocks are OFAC compliant $ETH
Lire la suite »
Crypto Debit Card | CoinMarketCapCMCGlossary: Crypto Debit Card 💳 A crypto debit card is a type of debit card that allows its holder to pay for goods and services using cryptocurrencies. 👉 Details:
Lire la suite »
Jim Cramer Urges SEC to Do a Big Crypto Sweep — Says 'I Wouldn't Touch Crypto in a Million Years' – Featured Bitcoin NewsJim Cramer says he would not touch crypto in a million years, calling investors who own various altcoins idiots. cryptocurrency
Lire la suite »