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Another crypto lender Vauld pauses withdrawals as market crash takes its toll

CNBC LogoCNBC1 mo ago

Another crypto lender Vauld pauses withdrawals as market crash takes its toll

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Vauld is the latest victim of the cryptocurrency price plunge this year that has exposed flaws in a number digital coin projects and business models.

Meanwhile, major cryptocurrency hedge fund Three Arrows Capital fell into liquidation after defaulting on a more than $660 million loan from Voyager Digital.

The market crash has exposed flaws in a number of cryptocurrency projects and business models.


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Category: Technology

Topics: Articles Cryptocurrency Markets Cnbc Digital currency Source:tagname:CNBC Asia Source Bitcoin Cryptocurrency exchanges Technology

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-04, 11:39:39

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Reading Time: 3 minutes read

Article Length: 433 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 28843

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Official Website: cnbc.com

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