Singapore Gives Vauld Parent Three-Month Creditor Protection

The Singapore High Court granted the parent of troubled crypto lender Vauld a three-month protection from creditors, giving the company breathing room as it seeks to sell itself to rival Nexo.

Justice Aedit Abdullah gave Defi Payments Ltd. a moratorium that would last until Nov. 7, half of what the company had asked for, according to a court hearing in the city-state on Monday. During this period, the company’s 147,000 creditors will be barred from taking legal action against it.