Vauld Users' Deposits May Be Cut

On Monday, Vauld said it was exploring restructuring options with its financial and legal advisors. But going by the events that led to the collapse of credit ecosystem in crypto space, it looks like not all funds will be returned. Vauld Co-founder Darshan Bhatija had in a Telegram chat stated that contagion effects of the market sentiment have impacted his company’s prospects. He said there was no clarity as to who had indirect exposure to companies like Celsius, Babel, Voyager and Three Arrows Capital.