Vauld gets creditor protection until Feb. 28 — shorter than requested
Troubled Asian crypto lender Vauld has received a further extension to its legal protection from creditors — albeit a shorter delay than requested. The company now has until Feb. 28 to explore options to ease its financial troubles, two sources with direct knowledge of the matter told The Block.
Vauld, however, had sought protection through Apr. 21, according to an affidavit obtained by The Block. The firm's previous creditor protection expires on Jan. 20. The latest extension was granted today in the Singapore High Court at a hearing before Justice Aedit Abdullah, the sources said. Vauld's envisioned end goal is for the fund manager to invest its assets and use the target investment returns to repay the creditors.
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