Vauld discloses shortfall of $70 million in letter to creditors - Moneycontrol

The crypto lender has said the main factors for the shortfall are mark-to-market losses on bitcoin, ether, and Polygon trades as well as exposure to the collapsed algorithmic stablecoin terraUSD, The Block has reported

Troubled crypto lender Vauld in a letter to its creditors has disclosed a shortfall of around $70 million, news website The Block has reported. The letter comes a few days after the platform stopped … [+2245 chars]

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