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Finance Minister Nirmala Sitharaman Voices Crypto Caution Following ED Probe Into Firms
India's finance minister Nirmala Sitharaman has cautioned crypto investors as the country's Enforcement Directorate (ED) investigates a host of crypto exchanges and freezes the assets of some trading platforms.
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Enforcement Directorate Freezes Crypto Platform Vauld’s Assets Worth Nearly Rs. 370 Crore: Details
India's Enforcement Directorate (ED), a government agency that is responsible for probing financial crimes, has frozen assets worth $46.4 million (roughly Rs. 369.5 crore) at crypto exchange Vauld.
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From Emergency Capital Infusions to Bankruptcy: How the Crypto Meltdown Hit These Companies the Hardest
Celsius Network, Voyager, Vauld, Blockfi, and Three Arrows Capital are some of the companies that were hit the hardest by the ongoing crypto meltdown that has seen the value of Bitcoin fall more than 56 percent from this year's high. These companies have been forced to seek emergency capital infusions, frozen withdrawals, or filed for bankruptcy. H...
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Vauld Applies for Protection Against Creditors After Pausing Withdrawals
Vauld, a Singapore crypto exchange, has moved to file protection from its lenders in Singapore. The move to get a moratorium would give the lender some breathing space to restructure.
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Celsius Onboards New Legal Team to Assist on Its Restructuring, Days After Firing 25 Percent Staff
Celsius Network, the US-based crypto lender is currently struggling to cope with the ongoing slump in the global crypto arena. The company has hired a new legal team from the Kirkland & Ellis LLP law firm to help it come out of its corporate malfunctioning. The newly appointed team of lawyers will advise the Celsius team on various options, which m...
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Nexo Seeks to Acquire Vauld, Amid Increasing Consolidation in Digital Currency Industry
Nexo, a cryptocurrency lending platform, revealed it planned to Singapore-based fellow lender Vauld, a day after the latter announced that it had suspended withdrawals for its more than 800,000 customers. The firm has not revealed how much it plans to pay to acquire Vauld, stating that it plans to buy 100 percent of the crypto lending platform and ...
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Coinbase-Backed Crypto Lender Vauld Suspends Withdrawals, Deposits
Crypto lending and trading platform Vauld has said that it would suspend withdrawals and trading and seek new investors, the latest sign of stress in the embattled crypto industry.
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Coinbase-Funded ‘Vauld’ Sacks 30 Percent Workforce Amid Tense Market
Coinbase-funded Vauld crypto exchange has laid-off 30 percent of its staff amid the ongoing market slump in the crypto industry. Vauld is headquartered in Singapore, but most of its workforce reportedly operates from India. For those being let go, Vauld is paying them salaries for two months, extending a 12-month medical insurance, and helping them...
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Finance Minister Nirmala Sitharaman Voices Crypto Caution Following ED Probe Into Firms
India's finance minister Nirmala Sitharaman has cautioned crypto investors as the country's Enforcement Directorate (ED) investigates a host of crypto exchanges and freezes the assets of some trading platforms.
-
Enforcement Directorate Freezes Crypto Platform Vauld’s Assets Worth Nearly Rs. 370 Crore: Details
India's Enforcement Directorate (ED), a government agency that is responsible for probing financial crimes, has frozen assets worth $46.4 million (roughly Rs. 369.5 crore) at crypto exchange Vauld.
-
From Emergency Capital Infusions to Bankruptcy: How the Crypto Meltdown Hit These Companies the Hardest
Celsius Network, Voyager, Vauld, Blockfi, and Three Arrows Capital are some of the companies that were hit the hardest by the ongoing crypto meltdown that has seen the value of Bitcoin fall more than 56 percent from this year's high. These companies have been forced to seek emergency capital infusions, frozen withdrawals, or filed for bankruptcy. H...
-
Vauld Applies for Protection Against Creditors After Pausing Withdrawals
Vauld, a Singapore crypto exchange, has moved to file protection from its lenders in Singapore. The move to get a moratorium would give the lender some breathing space to restructure.
-
Celsius Onboards New Legal Team to Assist on Its Restructuring, Days After Firing 25 Percent Staff
Celsius Network, the US-based crypto lender is currently struggling to cope with the ongoing slump in the global crypto arena. The company has hired a new legal team from the Kirkland & Ellis LLP law firm to help it come out of its corporate malfunctioning. The newly appointed team of lawyers will advise the Celsius team on various options, which m...
-
Nexo Seeks to Acquire Vauld, Amid Increasing Consolidation in Digital Currency Industry
Nexo, a cryptocurrency lending platform, revealed it planned to Singapore-based fellow lender Vauld, a day after the latter announced that it had suspended withdrawals for its more than 800,000 customers. The firm has not revealed how much it plans to pay to acquire Vauld, stating that it plans to buy 100 percent of the crypto lending platform and ...
-
Coinbase-Backed Crypto Lender Vauld Suspends Withdrawals, Deposits
Crypto lending and trading platform Vauld has said that it would suspend withdrawals and trading and seek new investors, the latest sign of stress in the embattled crypto industry.
-
Coinbase-Funded ‘Vauld’ Sacks 30 Percent Workforce Amid Tense Market
Coinbase-funded Vauld crypto exchange has laid-off 30 percent of its staff amid the ongoing market slump in the crypto industry. Vauld is headquartered in Singapore, but most of its workforce reportedly operates from India. For those being let go, Vauld is paying them salaries for two months, extending a 12-month medical insurance, and helping them...
