Crypto Lender Vauld Rejects Nexo Acquisition Proposal Due to Solvency Questions

Embattled cryptocurrency lender Vauld and its Committee of Creditors (COC) have rejected a “final” takeover proposal by rival Nexo due to concerns over its financial health and other problems, The Block reported. A Vauld creditor said it wanted a strong solvency guarantee from Nexo to avoid another bankruptcy crisis.

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