The crypto lending platform Vauld is unable to redeem approximately 10 million dollars from FTX

ChainCatcher news, The Block cites sources reporting that the cryptocurrency lending platform Vauld has approximately $10 million in assets trapped in FTX. Vauld is expected to hold a meeting with its creditors' committee and potential acquirer Nexo on Saturday.

Previously, Vauld informed its creditors via email that it has received approval from the Singapore High Court to extend the creditor protection deadline to January 20, 2023. Vauld halted customer withdrawals in July, and on July 12, Vauld notified creditors, disclosing a total shortfall of approximately $70 million. (The Block)