In an interview, Kalin Metodiev, managing partner of crypto lending platform Nexo, denied reports that “negotiations to acquire Vauld have been terminated” and responded: “Nexo has not given up on rescuing Vauld and helping its creditors recover as much of the platform’s funds as possible. Try." Nexo also sent an open letter and a final revised acquisition proposal to Vauld's creditors, saying that while Nexo "sincerely intends to help as soon as possible," the company's deal team "faces challenges every day, such as slow receipts. and incomplete financial and legal due diligence information, as well as encountering bias from Kroll, the Singaporean process manager.”