Crypto lender Nexo wants to take on troubled rival Vauld; Voyager files for bankruptcy - Stockhead
News of crypto contagion keeps coming, and dominoes keep falling. Big crypto lending company Nexo is eyeing rival Vauld, while big crypto broker Voyager recently filed for bankruptcy. London-based leading cryptocurrency lender Nexo has offered to buy Singapore competitor Vauld, which suspended operations earlier this week due to financial problems. Vauld has stated it is exploring restructuring options, so this could be a sought-after savior. In fact, Vauld CEO Darshan Bathija tweeted about the company’s potential deal with Nexo yesterday… The completion of this transaction is pending due diligence – which both teams are working on as we speak. Vault has gone to great lengths to provide long-term value to all its customers, and we believe in being under @Nexo umbrellas will significantly help achieve this. — Darshan Bathija (@darshanbathija) July 5, 2022 Nexo is reportedly currently conducting a 60-day due diligence process on the Singapore-based company. The co-founder of the larg