MEXCBreaking: Vauld’s Backup Plan Amid Nexo Deal Talks, Customer Fears
As Vauld customers await a plan towards resolving the fund crisis, the company looks all set to reveal an update. Also, the company is yet to reveal how the talks with Nexo are going with respect to a potential 100% acquisition. Meanwhile, Vauld co-founder Darshan Bhatija is speaking to the user community on the company’s official Telegram channel.
What If Vauld Nexo Deal Tanks?
Asked what could be the alternative of the Vauld Nexo deal does not materialize, the cofounder responded positively. He said the crypto platform could soon make more information available around the backup plans. Also, the customers are seeking reassurance about their funds.
Importantly, Bhatija said fixed deposit investors would continue to earn interest after they mature. Amid the talk of a potential Nexo deal, it was not clear as to what would be the future of deposits. The Vauld cofounder also said there could be some clarity soon on the future of user funds. However, it is still work in progress when it comes to withdrawals and trading on Vauld.
“(There could be some clarity) this week since we are making relevant disclosures to the court system. About withdrawal and trading, we don’t have timelines yet but are working on it.”
Vauld Users To Get Emails With A Reassuring Update?
When a customer asked for reassurance from the Vauld team, Bhatija said customers would get an email later today. We have not heard a single word of reassurance from you or from a single admin, said one customer named Crypto Clown. In reply, the Vauld co-founder said the team is standing with users, and that they will receive an email.
“We’re here, standing with you. You will receive an email today.”
There is still more to identify on how big Vauld’s balance sheet liability is and what its action plan is. Bhatija said information on its plans to finance liabilities will be made public any time today.
- SpaceX Makes Third Huge Bitcoin Transfer in 10 Days, Is Elon Musk Planning Something Big?
- Crypto Market Tumbles as Jerome Powell Says December Rate Cut ‘Far From Certain’
- FOMC Meeting: Federal Reserve Lowers Interest Rates by 25 Bps in Second Cut of the Year
- WLF Token Jumps 7% as Former Robinhood Counsel Joins Trump-Backed World Liberty Financial
- Changpeng Zhao “CZ” Warns Investors “Don’t Buy” Golden Statue Meme Coin After 27,000% Surge
- Ethereum Price Flips BTC in Strategy Shift, Eyes $4500 Level
- Expert Predicts XRP Price to Hit $10 as Elliot Wave, XRPR ETF Inflows Align
- HYPE Price Prediction as 21Shares Files S-1 for Hyperliquid ETF—Can Bulls Push HYPE to $60?
- Bitcoin Price Rally Bound? How the Fed’s Move May Unleash Crypto
- Can ASTER Price Rebound 50% as Whale Activity and Bullish Pattern Align?
- Pi Network Patterns Point to More Gains Despite Manipulation Claims
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal 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.
