Nexo starts process to potentially acquire troubled crypto lender Vauld
Nexo has signed an indicative term sheet with rival crypto lender Vauld and plans to acquire the struggling firm.
QUICK TAKE
Nexo has signed an indicative term sheet with rival crypto lender Vauld.
London-based Nexo will begin due diligence and plans to acquire up to 100% of the troubled firm. Client withdrawals will remain halted for now.
Source: TheBlock
Thank all of you for your comments and #upvote.