Crypto lending platform Vauld's assets worth approximately $10 million are stuck in FTX.

According to The Block, citing sources, the cryptocurrency lending platform Vauld has around $10 million worth of assets stuck in FTX. Vauld may hold a meeting on Saturday with its creditors' committee and potential acquirer Nexo.

According to sources cited by The Block, the cryptocurrency lending platform Vauld has around $10 million worth of assets stuck in FTX. Vauld is set to hold a meeting on Saturday with its creditors' committee and potential acquirer Nexo.

Prior to this, Vauld notified its creditors via email that it has been granted an extension of the creditor protection deadline until January 20, 2023, by the High Court of Singapore.

Vauld halted customer withdrawals in July, and on July 12, Vauld disclosed a total shortfall of around $70 million to its creditors. Subsequently, as reported by The Block, Vauld's debts amount to $402 million, with $363 million (90%) coming from deposits by individual retail investors, and the largest creditor claiming $34 million.

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