Rumor: Amber Group Owed Vauld CEO $130 Million

Amber Group, a trading company that has recently received a lot of bad press, is claimed to owe Darshan Bathija (CEO of Vauld) $130 million.

In the statement, Vauld stated in July that the corporation was lending up to $130 million to an unknown institution – “Counterparty 1.” And the aforementioned unit is Amber:

“Defi Payments has over 165 million in receivables from an unidentified organization (reported as ‘Counterparty 1 Loan Receivable’).” At the same time, Defi Payments extended a $35 million loan to this unnamed entity (reported as ‘Counterparty 1 Loan Payble’).”

As a result, the net debt after clearing is 130 million USD. The Defi Payment referenced in the preceding application is the Vauld Singapore branch.

The Block previously uncovered multiple documents indicating this firm had a similar debt with Bathija, who established the Vauld fund with Amber.

Vauld and his financial advisors have yet to respond to this information. Amber’s Twitter account, on the other hand, has just issued a temporary correction to the same charge. Specifically:

“In light of the charges made against Amber today, our legal team will make an official pronouncement soon and, if necessary, will take proper legal action.”

Earlier in July, Vauld was compelled to close the withdrawal gate due to a $ 400 million debt. Amber, on the other hand, has recently experienced numerous challenges, including the need to lay off employees and abandon a $25 million annual sponsorship relationship with Chelsea FC.

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