Peter Thiel-Backed Crypto Lender Vauld Files for Protection Against Creditors

A cryptocurrency lender backed by Peter Thiel’s Valar Ventures and Coinbase Global Inc. filed for protection against creditors in Singapore after pausing withdrawals. 

Vauld Group filed an application on July 8 to seek a moratorium order in favor of the company, a spokesperson for the company confirmed. The move gives Vauld and its management the “breathing space it requires to prepare for the intended restructuring for the benefit of all stakeholders,” the company said in a blog post on July 11. 

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