the platform in loan and negotiation in cryptocurrencies how ifin in singapore, Vauldannounced this Monday (4) the suspension in withdrawals and negotiations and that will seek new investors.
the presidentinexecutive director of VauldDarshan Bathija, said in a statement that the company faces “infinancial challenges” invided “to volatile market conditions, making it difficult toinfinancial s in our main partners in businesses that inevitably affect us and the current climate in market that has led to an amountin significant in withdrawals in customers over US$ 197.7 million insin 12 in June”.
the industry in cryptocurrencies was shaken by a series in collapses in recent months, including the failure of the TerraUSD stablecoin, the ban and withdrawals and transfers by North American Celsius and fund collapse in hedge in cryptocurrencies how ifin in singaporeThree Arrows Capital, which went into liquidation.
You Banks in cryptocurrencies were particularly affected and the broker in cryptocurrencies FTX has signed an agreement with the option in buy BlockFi for up to $240 million, the company said last week.
Bitcoin perinu fence in goalin in your value insin the beginning in May and traded at 10:49 am (time in Brasilia) below of US$ 20 thousand.
THE Vauld said it has appointed legal and financial advisers and is in discussions with potential investors. The company also said it will ask for legal protection to have time in carry out a restructuring.
Source: CNN Brasil
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