The crypto lender – which counts Peter Thiel, Pantera Capital, and Coinbase Ventures among its investors – owes $402 million to its creditors, with 90% of that debt originating from individual retail investor deposits, a July 8 affidavit filed by Vauld co-founder and CEO Darshan Bathija revealed.
Related posts
-
Ex-Banker Sentenced to 41 Months in US Prison for Crypto Fraud Scheme
Rashawn Russell, a former investment banker, was sentenced on... -
Donald Trump’s Crypto Portfolio Tops $14M Post-Conviction — Meme Coin Holdings Soar, Says Arkham
Former U.S. President and presidential candidate Donald Trump’s crypto... -
Senate Urged to Pass Landmark Crypto Bill After Biden Vetoes Resolution to Overturn SEC Rules
Following President Joe Biden’s veto of the resolution to...