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What is Vauld though. I’ve never heard of this platform.
by baby 4y ago
What is Vauld though. I’ve never heard of this platform.
- JasonBlack555 4y agoMe neither ... that's probably why they are going bankrupt !
- knorker 4y agoNo. The reason is that it's the cryptocurrency industry, which existence depends on betting on black, and it's been getting red for a while now. Of course you can make money by risking everything... But it risks everything.
- the_mitsuhiko 4y agoAnd yet even the unknown platforms have a lot of users pouring money into it.
- sreekars 4y agoOne thing I liked about it is that it has no withdrawal fee. I was lucky enough to withdraw around 98% of my funds yesterday to my wallet. Thank God!
- i67vw3 4y agoIt is an indian crypto exchange (lending) platform based in Singapore but focuses on india, as I remember it. It is not as big as binance (indian version), wazirx, coindcx, zebpay but can be considered around position 7-8 in the list of indian crypto exchanges. Users mainly used it for interest earning by lending their crypto to vauld.
- Animats 4y agoSingapore went soft on debtors in 2017. Singapore now has US-style debtor in possession reorganization, like Chapter 11 in US law. So forcing Vauld into liquidation does not appear to still be an option.
- easytiger 4y agoDoesn't sound like an "exchange". How did they generate the cash interest?
- pjc50 4y agoThey lent it to other scammers, such as Three Arrows Capital.