Sources: Amber Group owes $130 million to lending firm Vauld
According to The Block, citing sources, the cryptocurrency lending institution Vauld, which had previously suspended withdrawals, claims that a counterparty owes them $130 million, and that counterparty is none other than Amber Group. The Block reports that based on a document it has obtained, Vauld's CEO Darshan Bathija personally lent the funds to Amber Group. Documents provided by Vauld show that the loan is due for repayment by June 2023.
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According to The Block, cryptocurrency lending institution Vauld, which had previously suspended withdrawals, claims to have a $130 million debt from a counterparty, identified as Amber Group. The Block reports that based on a document they obtained, Vauld's CEO Darshan Bathija personally loaned the funds to Amber Group. Documents provided by Vauld indicate that the loan is due to be repaid by June 2023.
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