Troubles for Vauld are still not over, recently Singapore High Court granted the parent of troubled crypto lender Vauld three-month protection from creditors.
However, In India, The Enforcement Directorate froze Vauld's Indian assets worth Rs 370 crore of Singapore-based cryptocurrency exchange Vauld in connection with a money laundering probe.
The ED is conducting a money laundering investigation against a number of Indian Non-Banking Financial Company (NBFC) companies and their fintech partners for predatory lending practices in violation of the RBI guidelines and by using tele-callers who misuse personal data and use abusive language to extort high-interest rates from the loan takers.