Platform dossier
Vauld
Crypto lending and yield platform that halted withdrawals, trading, and deposits in July 2022 during the credit-market crisis, pursued creditor protection and a possible Nexo transaction, and remained a restructuring/outcome case.
What happened?
Vauld halted customer activity after liquidity pressure in July 2022, sought protection while exploring restructuring paths, entered talks with Nexo, and became a creditor-outcome case rather than a normal active yield platform.
Customer funds
Vauld customer outcome remains restructuring-dependent in this seed. A later pass should replace this with direct creditor or court-source details.
Terms risk
Keep terms status unknown until direct moratorium, scheme, or creditor process documents are reviewed.
Uncertainty
Customer outcome and current restructuring status require a later direct-source pass. This seed uses conservative classification.
Timeline
Vauld developed as a crypto lending and yield platform serving retail users with deposit and lending products.
Vauld suspended withdrawals, trading, and deposits during the 2022 crypto credit crisis.
Vauld suspended customer withdrawals, trading, and deposits during the 2022 credit crisis.
Vauld announced exploratory acquisition or transaction discussions with Nexo after the platform halt.
Vauld and Nexo announced an indicative term sheet for a potential acquisition as Vauld explored restructuring options.
Vauld sought protection and restructuring time after the platform halt.
Vauld sought protection from creditors while attempting to restructure after suspending platform activity.
The potential Nexo acquisition path reportedly ended, leaving Vauld in a continuing restructuring and customer-outcome process.
Vauld remained in a creditor and restructuring process after proposed transaction paths did not quickly restore normal platform operations.
Evidence dossier
Reuters