Crypto lender Vauld granted three-month protection from creditors

2022.08.02 10:02

Crypto lender Vauld granted three-month protection from creditors

Embattled crypto lending platform Vauld has been granted a short period of reprieve from creditors after being given a three-month moratorium by the Singapore High Court on Monday.

Its initial request by Vauld’s parent company Defi Payment Limited for a six-month moratorium was reportedly denied by Justice Aedit Abdullah on August 1, citing concerns that a lengthier moratorium “won’t get adequate supervision and monitoring,” according to a Bloomberg report.

Source