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In an open letter, Nexo said earlier offers were misrepresented and it wanted to deal directly.

Key Points: According to Decrypt, Nexo has presented a new acquisition bid to Vauld's creditors and has refuted the report that it has halted the planned acquisition of Vauld.

Vauld CEO Darshan Bathija yesterday told the firm's creditors that the potential deal with Nexo had been called off. The post Nexo writes open letter to Vauld's creditors, presents final proposal appeared first on The Block.

Singapore-based troubled crypto lender, Vauld has confirmed the termination of the talks for acquisition by rival Nexo for failure in responding to due diligence requests for a solvency Solvency Solvency is defined as the quality or state of being solvent, relating to any individuals or businesses' ability to pay off long-term debts including incurred interest.In essence, solvency is the ability of an entity to continue operations into the foreseeable future. Companies that become insolvent end up filing bankruptcy while solvency ratios can be performed by investors or analysts to evaluate a company's ability to stay in business.

Earlier this year in July 2022, Singapore-based crypto lender Vauld suspended withdrawals halting all trading activity on its platform. Since then Vauld has been working on its restructuring, the deadline for which shall be coming soon on January 20.

Cryptocurrency lender Vauld has officially canceled its potential acquisition by rival Nexo — a transaction that was initially announced five months ago. After the initial agreement to explore the merger and less than a month before the Singapore-based Vauld had to present a restructuring plan, the talks have now reportedly stalled.

Acquisition talks between Vauld and its potential buyer, Nexo, have broken down, according to a report published by Bloomberg on December 26. The post Vauld says Nexo acquisition has broken down appeared first on CryptoSlate.

Crypto lender Vauld has reportedly called off an acquisition by rival Nexo. “We were previously exploring a potential acquisition by Nexo as part of the proposed restructuring plan,” Vauld said in a private message on Twitter, published by Coinbase on Monday (Dec. 26).

Key Points: The prospective acquisition of the crypto lending platform Vauld by Nexo has been halted. Vauld's founder and CEO, Darshan Bathija, stated in an email to the company's creditors that conversations with Nexo have regrettably fallen through.

Crypto lender Nexo insists it is still in talks with rival Vauld over potential acquisition of the Singapore-based company.

Nexo has terminated a potential acquisition deal previously announced in July 2022.

Vauld applied in Singapore for protection from creditors in July and signed an initial agreement with Nexo the same month.

Nexo and troubled crypto lender Vauld have ended talks of a potential deal, according to a source and an email obtained by The Block. The post Nexo terminates potential deal with troubled crypto lender Vauld appeared first on The Block.

Armanino, the auditing firm who spearheaded proof of reserves, is reportedly giving up its crypto clientele amid the FTX scandal.

Nexo, which claims to be the “leading” regulated institution for digital assets, has announced its registration “with the Ministry of Finance of Poland as a Virtual Assets Service Provider (VASP) in the country.

According to statistics from CoinMarketCap on December 8, Nexo's native token has been topping the top 100 cryptocurrencies in 24-hour gains.

The price surge comes on the heels of news that Nexo's Earn Interest Product has been suspended in eight U.S. states.

As the uncertainty in the cryptocurrency market continues, caused in large part by the collapse of the crypto trading platform FTX and the subsequent sell-off, some digital assets are still going strong, including crypto lender Nexo (NEXO).

Switzerland-based crypto lender Nexo is announcing plans to cease its business operations in the United States. The crypto lender says that the decision is influenced by the regulatory and policy landscape in the United States. Withdrawals will continue to be processed in “real-time,” according to Nexo.

Crypto lender Nexo said it would stop offering products and services in the U.S. in the coming months as their discussions with both state and federal regulators had come to a "dead end." CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De weighs in.

Cryptocurrency borrowing and lending platform Nexo has announced that it is withdrawing its products from the United States over the ‘‘coming months'' over regulatory challenges.

Nexo, the crypto lending platform, announced Monday that it is pulling out of the US market. It blamed the hostile US regulatory environment for the move, following a collapse in longtime talks with lawmakers.

In its complaint, Nexo claimed that US regulators have not provided clearer path forward to foster blockchain businesses in country.

Major crypto lender Nexo will be leaving the United States over the next few months, as the company was unable to reach an agreement with the country's regulators.