News

Crypto Lender Vauld Was Stuck $10 Million On FTX

According to source of The Block, crypto lending company Vauld is in financial trouble because it is stuck with $10 million on FTX after the exchange went bankrupt.
Crypto Lender Vauld Was Stuck $10 Million On FTX 3

Vauld is next on the list of companies affected by the collapse of FTX. This company used the FTX exchange to execute customer transactions.

The exposure is worth around $10 million, one of the sources said. Vauld used FTX, among other exchanges, to execute trades of its customers since it does not have its own order book, said the source.

The Block said

In addition, this company has struggled financially because of its exposure to FTX and has halted customer withdrawals in July. At the same time, the company also has $400 million in debt.

Crypto Lender Vauld Was Stuck $10 Million On FTX 4

The FTX exposure is just the latest blow for Vauld, which halted client withdrawals on November 19, said another source.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

May

Coincu News

Victor

Recent Posts

Qubetics, Cosmos, and Chainlink: Why These Cryptos Are Your Best Bet for November 2024

Discover why Qubetics, Cosmos, and Chainlink are the best cryptos to buy in November 2024.…

2 hours ago

Best Cryptos to Buy in December 2024: Qubetics Presale Goes Ballistic as Ethereum and Quant Look to Build Momentum

Best Cryptos to Buy in December 2024: Qubetics ($TICS) presale explodes, Ethereum (ETH) eyes a…

5 hours ago

USDC and CCTP to launch on Aptos, with Stripe adding Aptos support in crypto products

Palo Alto, California, 21st November 2024, Chainwire

7 hours ago

Best Cryptos to Buy: Qubetics Set to Rise, Bitcoin Knocks at $100k Milestone, Avalanche to Release 1.67M Tokens

Best Cryptos to Buy: Qubetics presale rockets ahead, Bitcoin nears $100k, and Avalanche prepares to…

7 hours ago

Ike Goes Live on Mainnet: Unlocking Liquid Staking on Aleph Zero

London, United Kingdom, 21st November 2024, Chainwire

8 hours ago

Native USDC on Aptos Coming Soon to Boost DeFi and P2P Transactions

The move will see developers utilize USDC on Aptos in creating dApps on a wide…

8 hours ago

This website uses cookies.