Embattled cryptocurrency lender Vauld and its Committee of Creditors (COC) have rejected a “final” takeover offer from rival Nexo due to concerns about its financials and other problems, The Block reported. Vauld continues to seek answers from Nexo on two of its key questions, how Nexo will handle the claims of U.S.-based Vauld creditors since it recently announced plans to exit the market, and whether Nexo is in good financial shape. Vauld requested a response from Nexo by 6 January at 18:00. Vauld and Nexo have been discussing a potential deal since early July, when Vauld halted customer withdrawals after facing a severe liquidity crunch and owed creditors more than $400 million.