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Posted on Feb 27, 2023Read on Mirror.xyz

Vauld gets another creditor protection extension until March 24

Asian cryptocurrency lender Vauld received further legal protection from creditors until March 24, although the delay was shorter than requested (April 28), during a hearing in Singapore’s High Court on Monday. The company now has until March 24 to explore options to ease its financial woes, according to two sources with direct knowledge of the matter. However, Vauld had been seeking protection until April 28, according to the latest affidavit dated February 24 and obtained by The Block. The company's previous protection from creditors expires tomorrow.