In response to Vauld’s announcement that it had stopped all withdrawals, trading, and payments on its network, filed for bankruptcy protection and was considering restructuring alternatives, rival cryptocurrency lender Nexo issued an open letter to Vauld’s creditors. Nexo is in the process of acquiring Vauld, a Singapore-based company. Nexo to Acquire Vauld Creditors The letter was delivered on Monday amid divergent opinions over the purchase procedure. The July transaction had “not materialized,” according to Vauld’s previous statement of the day. In response, Nexo stated that negotiations were ongoing and that it was still hoping to close the deal. Vauld has The post Nexo Directly Approaches Vauld Creditors With Final Takeover Offer appeared first on Cryptoknowmics-Crypto News and Media Platform .
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