Share this article
Crypto Lender Vauld Gets Further Extension for Restructuring Plan
Vauld's existing legal protection from its creditors expires on Feb. 28.
Updated May 9, 2023, 4:08 a.m. Published Feb 27, 2023, 3:21 p.m.
Make us preferred on Google
Singapore-based cryptocurrency lender Vauld has received another extension by a court in Singapore to present its restructuring plan, giving it protection from its creditors until March 24.
Vauld's existing legal protection expires on Feb. 28.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"The moratorium has been extended till 24-Mar-2023," a Vauld spokesperson told CoinDesk via email. "There will be another hearing scheduled before that to confirm the final decision about approval of scheme."
The crypto lender filed for creditor protection in Singapore last July after it suspended withdrawals, trading and deposits on its platform. It initially had until Jan. 20 to work on a restructuring plan.
Vauld has received takeover bids from two digital asset fund managers, according to a Bloomberg report last month. Fellow crypto lender Nexo had been the frontrunner to acquire Vauld, but talks broke down at the start of this year.
As of July, Vauld owed creditors $402 million, 90% of which originated from individual retail investor deposits. Authorities in India froze assets worth 3.7 billion rupees ($44.7 million) a month after it filed for creditor protection.
Read more: Crypto Lender SALT Raises $64.4M to Resume Operations
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Millions in crypto wealth at risk of vanishing when holders die. Here's how to protect them
Without proper planning, inherited crypto can easily be lost to delays, missing keys or fiduciaries unfamiliar with the asset class, experts warn.
What to know:
- Crypto holders can take a few steps to prevent their assets from disappearing forever when they pass away.
- Without proper planning, inherited crypto can easily be lost to probate delays, missing private keys, or fiduciaries unfamiliar with the asset class.
- Even with improved regulatory clarity, crypto adds complexity beyond what many in the advisory space are accustomed to.
Top Stories
