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Vauld, a Singapore-based crypto exchange that has been in ongoing bankruptcy proceedings since August 2022, has said that it had received permission from the court to restructure its board. The new top management will lead the company’s bailout process.
On Aug. 24, Vauld co-founder Darshan Bathija revealed on X (formerly Twitter) that the company got its scheme of arrangement passed in a Singapore court. According to the plan, the current board will be replaced with a new CEO, a creditor representative and a scheme manager.
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