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in Tech

Another crypto lender Vauld pauses withdrawals as market crash takes its toll

by Editor July 4, 2022, 6:44 pm 1.7k Views

Crypto hedge fund at center of crisis faces risk of default as deadline to repay $670 million nears

Billions of dollars of value have been wiped off the cryptocurrency market in the last few weeks. Companies in the industry are feeling the pain. Lending and trading firms are facing a liquidity crisis and many firms have announced layoffs.

Yu Chun Christopher Wong | S3studio | Getty Images

Crypto lender Vauld on Monday paused all withdrawals, trading and deposits on its platform and is exploring potential restructuring options, the company…

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