A Singapore court extended the period of creditor protection for crypto lender Vauld to Feb. 28 because the company has yet to come up with a revival plan, according to a person familiar with the matter.
Vauld, which froze customer withdrawals in July and hired advisers to explore a restructuring, has received bids from two digital-asset fund managers to take over management of the tokens stuck on its platform, the person added, asking not to be identified discussing private information.
Vauld told the court in an affidavit that the discussions with the fund managers are at an advanced stage, the ...
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