Singapore-based crypto lender Vauld suspends withdrawals
Updated: 04 Jul 2022, 02:04 PM IST
TL;DR.Vauld CEO Darshan Bathija said in a blog post that it was facing financial challenges due to: the volatile market conditions, the financial difficulties of our key business partners inevitably affecting us, and the current market climate which has led to a significant amount of customer withdrawals in excess of a $197.7 million since June 12.
A representations of cryptocurrencies in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/Illustration