Vauld has suspended all withdrawals, trading and deposits on its platform, the Singapore-headquartered cryptocurrency exchange said on Monday. 

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Fast facts

  • The firm, backed by PayPal founder Peter Thiel’s Valar Ventures, Pantera Capital and Coinbase Ventures, said it is exploring “potential restructuring options.”
  • Vauld said it intends to apply to the Singapore courts for suspension of any proceedings against relevant companies for the exchange to focus on restructuring.    

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