
Vauld Rejects Rival Final Acquisition Bid from Nexo Over Financial Health Issues
Nexo has until the close of business today to show its good intentions by responding to Vauld’s queries satisfactorily.
Nexo has until the close of business today to show its good intentions by responding to Vauld’s queries satisfactorily.
Swiss crypto lender Nexo recently terminated its acquisition deal with embattled Singaporean crypto lender Vauld.
Nexo says its lawsuit against a former director results from several infractions, including breaching an agreement.
In an updated version of its FAQs, the company explains the cause of its financial problems which includes general market volatility and the effects of its business partners’ own financial problems.
Shortly after Vauld announced withdrawals suspension, Nexo revealed it signed an indicative term sheet. The company also mentioned the plan to acquire Vauld.