Nexo to extend 30-day due diligence on Vauld acquisition

According to The Block, the cryptocurrency trading and lending platform Vauld said in an email to its customers that Nexo’s due diligence on the acquisition of Vauld had been extended by 30 days. Two months of due diligence. Foresight News previously reported that the High Court of Singapore had granted Vauld three months of protection in August, ending November 7, during which 147,000 creditors would be barred from taking legal action against him. If Vauld fails to take further action or fails to extend the protection period when it expires, it may be forced to liquidate.