Why Did Crypto-Trading Platform Vauld Suspend Operations
                     Why Did Crypto-
Trading Platform 
Vauld Suspend 
Operations?
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Why Did Crypto-Trading Platform Vauld 
Suspend Operations?
Crypto platform Vauld 
suspends trading, all 
withdrawals, and deposits 
on the platform. The 
Singapore-based company 
has said that it is facing 
financial challenges 
despite its best efforts. 
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Why Did Crypto-Trading Platform Vauld 
Suspend Operations?
This is happening due to a 
combination of several factors 
such as the volatile market 
conditions and the financial 
difficulties of their key business 
partners that is inevitably 
affecting them. The current 
market climate has led to a 
significant amount of customer 
withdrawals in excess of $197.7 
m since 12 June 2022 said 
Darshan Bathija, Chief Executive 
https://www.deOseffirtccaertr.c oinm .as as/ tatement.
Why Did Crypto-Trading Platform Vauld 
Suspend Operations?
The cryptocurrency market 
recently experienced a lot of 
negative news due to the US 
dollar stablecoin Terraform Lab's 
default, Celsius network pausing 
withdrawals, and Three Arrows 
1Capital defaulting on their 
loans. The issue of Vauld 
suspending operations led to 
several of Vauld’s customers 
wondering; is Vauld closed? And 
What happens to Vauld? The 
https://www.decseurstctaormt.coemrs.s aw/ ere also saving their 
precious cryptos in 
crypto hardware wallets.
Why Did Crypto-Trading Platform Vauld 
Suspend Operations?
Vauld.com, incorporated in 
Singapore, was one of the 
leading cryptocurrency trading 
platforms that supported 
multiple digital assets, including 
Bitcoin (BTC), BTC-Cash (BTC-C), 
Ethereum (ETH), Litecoin (LTC), 
and more.
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Why Did Crypto-Trading Platform Vauld 
Suspend Operations?
The Company was founded in 
2018, by a team of experienced 
professionals who initially 
started as a financial advisory 
firm focused on advising and 
providing advisory services to 
clients ranging from family 
offices to large corporations on 
their financial needs and 
requirements.
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Why Did Crypto-Trading Platform Vauld 
Suspend Operations?
Through their experience and 
insights, the company 
understood that although 
excellent wealth management 
advice can help people handle 
their privileged wealth, there are 
many other requirements for 
which people seek help.
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Why Did Crypto-Trading Platform Vauld 
Suspend Operations?
In particular, there is a need for 
an alternative asset class that is 
independent of traditional 
financial systems, despite 
having tremendous potential 
upside when compared with 
other markets. They launched 
their business when the 
cryptocurrency growth was at its 
peak.
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What is Vauld doing?
Crypto-trading 
platform Vauld, which 
laid off 30 percent of 
its workforce last 
month, has suspended 
operations with 
immediate effect, 
citing “volatile market 
conditions and 
financial difficulthitteps:/”/www.desertcart.com.sa/
What is Vauld doing?
CEO Darshan Bathija said: 
“This is due to a 
combination of 
circumstances like volatile 
market conditions, the 
financial difficulties of their 
key business partners 
inevitably affecting them, 
and the other issues 
affecting the 
cryptocurrency industry. 
Most of the customhettrpss :/o/wfw w.desertcart.com.sa/
Vauld are in the US and 
India.
What is Vauld doing?
Vauld has suspended 
withdrawals, and 
deposits on its 
platform with 
immediate effect. 
Vauld’s decision comes 
amid a lot of volatility 
in the market and the 
platform facing 
financial challenhgttpess://.www.desertcart.com.sa/
What is Vauld doing?
Moreover, the platform 
is now seeking a 
potential restructuring. 
The cryptocurrency 
trends do not look 
good in the current 
market and analysts 
are calling this time 
the “crypto winter”. 
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What is Vauld doing?
The company has 
engaged the services 
of Kroll as their 
financial advisor along 
with legal firms Cyril 
Amarchand Mangaldas 
and Rajah & Tann 
Singapore LLP in India 
and Singapore. 
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What is Vauld doing?
So if you want to know 
how to earn daily from 
cryptocurrency? Then 
this is not the right 
time. You can do your 
own research on 
google and track the 
crypto market. 
Customers can invest 
when the markehtt tpis: //www.desertcart.com.sa/
more stable.
Thank 
you!
You can find us at 
twitter @desertcartmena & 
[email protected]
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