Nexo, a crypto lender managing assets for ~4M users, says it signed a term sheet to explore buying Vauld, which halted withdrawals and manages assets for ~100K (Ryan Browne/CNBC)

Ryan Browne / CNBC:
Nexo, a crypto lender managing assets for ~4M users, says it signed a term sheet to explore buying Vauld, which halted withdrawals and manages assets for ~100K  —  – Nexo has signed a term sheet with Vauld giving it 60 days of exclusive talks to explore an all-equity acquisition of the company.


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