Crypto lender Vauld seeks protection against creditors

The crypto exchange, which is backed by Peter Thiel and Coinbase, stopped trading in July after an apparent run on its assets. Singapore crypto exchange Vold Group is seeking a moratorium on its creditors - a move that would give the troubled lender more time to restructure its business after asset prices hit its operations earlier this month.

Vold filed a petition in Singapore on July 8 seeking a stay order, the Wall Street Journal reported on Wednesday. If granted, the stay would give the distressed debtor more time to find a proper restructuring plan.