Tags: Vauld

Vauld‘s existing legal protection from its creditors expires on Feb. 28.

Vauld has received bids from two digital asset fund managers after talks with Nexo broke down, according to the report.

Vauld believes that the latest acquisition proposal by its fellow lender "would not be in the best interests" of its creditors.

In an open letter, Nexo said earlier offers were misrepresented and it wanted to deal directly.

Vauld applied in Singapore for protection from creditors in July and signed an initial agreement with Nexo the same month.