.VauldOfficial rejected Nexo's revised acquisition proposal and is seeking to terminate the negotiation between the two crypto lenders. By JamieCrawleyCD
"Mid-next week, Nexo will host a live AMA session to address all outstanding questions about our proposal, and we are adamant about the fact that this is the offer that creates most value for Vauld’s customers," a Nexo spokesperson said in an email.
"We will also be putting out another open letter on the topic to ensure transparency."to its creditors, 90% of which originated from individual retail investor deposits. A month after it filed for creditor protection, Indian authorities froze assets worth 3.7 billion rupees .
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