Crypto Crisis: Struggling Crypto Lender About to Be Acquired by Rival

Published by
The Street

By Rob Lenihan Crypto firm Nexo is reviewing the assets of lender Vauld with the intent of acquiring the struggling crypto financial services company. And the great crypto shrinkage continues… The crypto platform Nexo, which recently made an offer to buy the assets of Celsius Network, stepped up on July 5 to say it signed a term sheet with Vauld to buy the struggling crypto financial services company. ‘The Bank Panic of 1907’The agreement gives Nexo a “60-day exclusive exploratory period” of its intended acquisition of Vauld, pending a due diligence review. “In a consolidation effort aimed a…

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