🚀 Vauld, a crypto exchange in bankruptcy since August 2022, just got a lifeline! Singapore court approved a board restructuring to lead the bailout process. New CEO, creditor rep, and scheme manager incoming!

- KYC checks resumed for existing customers

- $46.4M seized from Indian branch in August due to money laundering allegations

- Withdrawals frozen since July 2022, citing market conditions & $200M "bank run"

- Acquisition by Nexo halted after their office raid

- Vauld owes creditors $400M, mostly individual depositors' money

Stay tuned for more crypto drama! 🍿