Crypto Trading and Lending Platform Vauld Suspends Withdrawals, Trading and Deposits

Singapore-based crypto trading and lending platform Vauld announced that it has made a decision to suspend all withdrawals, trading and deposits on the Vauld platform with immediate effect. Vauld said that the company is facing financial challenges due to the volatile market conditions and the financial difficulties of its key business partners, which inevitably affect Vauld. The company has hired a new financial advisor and two legal advisors to work with the team to explore and analyse all possible options, including potential restructuring options.