Three crypto stories you might have missed this week

Quick Take

  • Here are three stories you might have missed while tucking into festive leftovers or trying to keep tabs on the many threads of the FTX saga.

Even in the no man's land between Christmas and New Year, there's news to be had in crypto. 

Here are three stories you might have missed while tucking into festive leftovers or trying to keep track of the many threads of the FTX saga

Nexo and Vauld's season finale

Nexo and Vauld looked set to end their courtship this past week, having been in discussions about a potential tie-up since July, according to a report from The Block's Yogita Khatri.

An email seen by The Block, dated Dec. 26 and sent by Vauld founder and CEO Darshan Bathija to the firm's creditors, said that "our discussions with Nexo have unfortunately not come to fruition."

A source familiar with the matter offered a number of reasons for the breakdown. These included Vauld losing a significant amount in the collapsed Terra ecosystem, Indian authorities seizing its assets, funds stuck on the bankrupt crypto exchange FTX and huge loan receivables from Amber Group. Also, Vauld has many customers in the U.S. and Nexo recently announced plans to leave the country, so the potential dea