SCOOP: Vauld CFO leaves struggling Asian crypto lender: sources By Yogita_Khatri5
Founded in 2018 and backed by high-profile investors, including Peter Thiel's Valar Ventures and Coinbase Ventures, Vauld hadin June to save costs amid the crypto market tumult before abruptly freezing customer accounts this month.
Vauld is based in Singapore but has most of its team in India. Its Indian co-founders, Darshan Bathija and Sanju Sony Kurian, were featured in theWith its operations mainly in the two countries, Vauld recently appointed legal and financial advisors in Singapore and India for potential restructuring or financing options.a term sheet with the firm for a potential acquisition. Nexo is currently undergoing a due diligence process and Vauld customers' funds remain stuck.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Yogita is a senior reporter at The Block and covers all things crypto. Before joining The Block, Yogita worked for CoinDesk and The Economic Times. She can be reached at
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