Crypto Lender Nexo in Talks on Terms of Planned Vauld Purchase

Acquisition talks between crypto lenders Nexo and Vauld haven’t yet resulted in an agreement, as Vauld stares down a Jan. 20 deadline to present a restructuring plan to creditors.

Discussions with Nexo “had unfortunately not come to fruition,” Vauld wrote Monday in an email to creditors. Nexo said that it had submitted a revised proposal for the acquisition to Vauld on Dec. 2. In a letter to Vauld creditors, it cited “challenges” during the months of talks, including “defamation” and “the spread of misinformation on social media.”

“We remain dedicated to offering the creditors the most favorable recovery path forward,” ...