News

Vauld Announces Relief Plan: Nexo Could Acquire Stakes, What Next?

In a latest development, Nexo is looking to acquire Vauld in the context of the halted transactions. Nexo, the crypto lending platform.
Published by
Vauld Announces Relief Plan: Nexo Could Acquire Stakes, What Next?

Vauld Chief Executive Officer Darshan Bathija had finally delivered some refreshing news for anxious Indian investors. The CEO also confirmed the potential acquisition deal with crypto lender Nexo. He also mentioned about prioritizing protection of customer funds.

“I understand that a lot of our customers are nervous about your funds. We are working tirelessly to ensure your financials are protected. To that end, we have signed an indicative term sheet with Nexo to acquire up to 100% of Vauld.”

With the crypto community is all eyes for the next update from Vauld management, there could finally be a solution. Although there was no update from the team in the last 24 hours, the situation appears to be heading for an acquisition.

Advertisement

Nexo To Buy Vauld?

In a latest development, Nexo is looking to acquire Vauld in the context of the halted transactions. Nexo, the crypto lending platform, is likely to buy 100% stakes in Vauld.

According Shibilia, a crypto enthusiast, Nexo announced its plans to buy the troubled crypto platform.

“Crypto lending platform Nexo has announced that it has started a process to buy Vauld, which has stopped withdrawals.”

On Mondy, Vauld, the crypto lender based in Singapore and India, said it was going through a financial crisis. It cited volatility in the market for the financial challenges, which also badly impacted its business partners. The current market climate led to a significant amount of customer withdrawals, it explained.

Advertisement

What This Means To Vauld Users?

Although the exact terms of the potential deal are yet to be announced from either sides, this could possibly mean a big relief to the users. However, whether the deal could stop individual users from withdrawing funds will be interesting to look at as crypto market goes through tough times.

Also, the question would also arise about the time taken to finalize and close the Nexo-Vauld acquisition.

In its announcement on Monday, the Vauld management said it was exploring and analyzing all possible options. Our management remains fully committed to working with our financial and legal advisors for the best outcome, it said.

The possible options included potential restructuring options that could best protect the interests of Vauld’s stakeholders, it added. More importantly, Vauld Chief Executive Officer Darshan Bathija indicated that they were also exploring potential investment options. “We are currently in discussions with potential investors into the Vauld group of companies,” it said.

Advertisement
Share
Anvesh Reddy

Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Bitcoin News

SpaceX Makes Third Huge Bitcoin Transfer in 10 Days, Is Elon Musk Planning Something Big?

Elon Musk’s space exploration company, SpaceX, moved another 281 Bitcoin on Thursday, according to blockchain…

October 30, 2025
  • News

Crypto Market Tumbles as Jerome Powell Says December Rate Cut ‘Far From Certain’

The crypto market turned sharply lower on Tuesday after Federal Reserve Chair Jerome Powell said…

October 30, 2025
  • News

FOMC Meeting: Federal Reserve Lowers Interest Rates by 25 Bps in Second Cut of the Year

The U.S. Federal Reserve has announced it has lowered the interest rate by another 25…

October 29, 2025
  • News

WLF Token Jumps 7% as Former Robinhood Counsel Joins Trump-Backed World Liberty Financial

World Liberty Financial (WLFI) has appointed Mack McCain as its new General Counsel. This marks…

October 29, 2025
  • News

Changpeng Zhao “CZ” Warns Investors “Don’t Buy” Golden Statue Meme Coin After 27,000% Surge

Binance founder Changpeng Zhao (CZ) has publicly distanced himself from a newly launched token inspired…

October 29, 2025
  • News

Markets Expect October Fed Rate Cut as Bitcoin Repeats Post-FOMC Pattern

Bitcoin traders are preparing for a rise or fall in the price of Bitcoin, as…

October 29, 2025