Troubled Asian crypto lender Vauld has received a further extension to ease it financial trouble.
A Singapore court extended the period of creditor protection for crypto lender Vauld to February 28
The firm had earlier sought an extension until April 2021.
Vauld, which froze customer withdrawals in July and hired advisers to explore a restructuring, has yet to come up with a revival plan.
The latest extension was granted today in the Singapore High Court at a hearing before Justice Aedit Abdullah, the report said.
Ailing Singapore crypto firm and its rival Nexo were in discussion for a potential acquisition.
Vauld and its committee of creditors had rejected a final takeover proposal from Nexo because of concerns about its financial health and others issues.