Lending Platform Vauld Looks to Restructure Amid Crypto Downturn, Suspends Transactions
— 198 million since june 12, Crypto, Downturn, Vauld, Pausing, Crypto markets began, Crypto lender celsius pausing withdrawals, Head, Million, Following day — 1 min read
Vauld has seen withdrawals of around $198 million since June 12, the day when the downturn in crypto markets began to come to a head. Celsius has also paused withdrawals on its platform the following day. Vauld says he has seen around $200 million in withdrawals since the day of the downturn began to hit crypto markets. Celsius stopped all crypto-loaners from withdrawing from its platform on June 12 after the downturn hit the market. The bank says it will continue to work through the rest of the next two weeks. The market has been downgraded by more than $100 per cent since the start of June 12. The markets have been down since then, according to Vauld. The market is now down about $80 per cent. Source