{"id":63871,"date":"2022-07-04T11:59:15","date_gmt":"2022-07-04T08:59:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=63871"},"modified":"2025-09-06T11:19:56","modified_gmt":"2025-09-06T08:19:56","slug":"peter-thiel-backed-crypto-lending-platform-vauld-suspends-operations","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/peter-thiel-backed-crypto-lending-platform-vauld-suspends-operations\/","title":{"rendered":"Peter Thiel-backed crypto-lending platform Vauld suspends operations"},"content":{"rendered":"<p>The Singapore-based crypto-lending platform Vauld announced a potential restructuring. Trading, withdrawal and custody of funds have been suspended.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">To know more, check our blog:<a href=\"https:\/\/t.co\/1FHtFtXjIE\">https:\/\/t.co\/1FHtFtXjIE<\/a><\/p>\n<p>\u2014 Vauld (@VauldOfficial) <a href=\"https:\/\/twitter.com\/VauldOfficial\/status\/1543859062500077568?ref_src=twsrc%5Etfw\">July 4, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Management attributed the decision to financial difficulties arising from weak market conditions, counterparty issues and a liquidity outflow. Since June 12, clients withdrew $197.7 million from the platform.<\/p>\n<p>To implement the initiative, the startup hired Kroll Pte Limited as financial adviser, as well as the law firms Cyril Amarchand Mangaldas and Rajah &#038; Tann Singapore.<\/p>\n<p>Vauld will consider all options, including restructuring, that would best protect the interests of stakeholders. The company has begun talks with potential investors and intends to obtain a moratorium on proceedings in Singapore courts.<\/p>\n<p>In July 2021, Vauld <a href=\"https:\/\/forklog.news\/fond-pitera-tilya-vozglavil-raund-finansirovaniya-vauld-na-25-mln\/\">attracted $25 million<\/a> from Valar Ventures and other investors.<\/p>\n<p>At the end of 2020, the startup <a href=\"https:\/\/forklog.news\/kreditnaya-platforma-vauld-privlekla-2-mln-ot-coinbase-i-pantera-capital\/\">was backed<\/a> by Coinbase Ventures and Pantera Capital in a $2 million round.<\/p>\n<p>Earlier, the crypto broker Voyager announced a halt to trading and withdrawals. The hedge fund Three Arrows Capital <a href=\"https:\/\/forklog.news\/three-arrows-capital-podal-zayavlenie-na-bankrotstvo\/\">filed for bankruptcy<\/a>.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\"\/\/telegram.me\/forklog\u201d\" target=\"\u201c_blank\u201d\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Singapore-based crypto-lending platform Vauld announced a potential restructuring. Trading, withdrawal and custody of funds have been suspended.<\/p>\n","protected":false},"author":1,"featured_media":63872,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[83,1093,2227],"class_list":["post-63871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-business","tag-defi","tag-vauld"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=63871"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63871\/revisions"}],"predecessor-version":[{"id":63873,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63871\/revisions\/63873"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/63872"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=63871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=63871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=63871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}