Crypto loan firm Vauld has allegedly left $10 million in assets in FTX.
An anonymous source said that the crypto company’s 10 million worth of assets remained on the bankrupt cryptocurrency exchange.
Vauld’s Assets Remained in FTX
The final blow to Vauld, which stopped withdrawals in July and owed over $400 million to creditors, came from FTX. It was stated that the crypto loan company had $ 10 million in assets on the bankrupt exchange.
Vauld’n, which received a new credit protection extension last week, has until January 20 to resolve its financial problems. However, the firm may apply for an extension again.
Vauld has been discussing a potential deal with rival Nexo since July, which is part of its restructuring options. Nexo has signed a 60-day exclusivity agreement with Vauld for a potential acquisition. However, the detection process has been extended twice so far.
Another source reported that Vauld will hold a meeting with Nexo and its financial advisors on November 19.
It remains unclear whether Nexo will make a deal after the company’s assets remain on the FTX exchange.
