Crypto Lending Institution Nexo Plans to Acquire Crypto Trading and Lending Platform Vauld

According to The Block, crypto lending institution Nexo said that it has signed an indicative term sheet with Vauld, a crypto trading and lending platform, with a plan to acquire up to 100% of Vauld. The term sheet grants Nexo a 60-day exclusive exploratory period in which it will conduct due diligence. Previously, Vauld announced that it temporarily suspended all withdrawals, trading and deposits.