Crypto Lender Vauld Has $10 Million Stuck on FTX

Crypto lender Vauld has about $10 million stuck on FTX. It is reported that Vauld may host a meeting with its creditor committee and potential acquirer Nexo on Saturday.

Previously, Vauld told its creditors via email that it had received approval from the Singapore High Court to extend the creditor protection deadline to Jan. 20th, 2023. Vauld halted customer withdrawals in July and disclosed a total shortfall of about $70 million.