Nexo Issues Acquisition Amendment Proposal to Vauld Creditors: Intends to Acquire All Cryptocurrency Owned by Vauld and Vested to Its Clients

According to Decrypt, the encrypted lending platform Nexo sent an open letter and a final revised acquisition proposal to Vauld's creditors. Currency, and all liabilities arising from ownership of the acquired assets. Effective immediately, all clients, unless restricted by the regulatory framework of their respective jurisdictions, will be able to borrow, earn and redeem digital assets allocated in the new account, Nexo added. Additional measures include a capital injection from Nexo's balance sheet, effectively reducing the balance sheet deficit for all new Nexo customers by 10%, with no lock-up period for asset exits.