The distrust among creditors of troubled cryptocurrency exchange Vauld is growing, as they have filed an affidavit to prevent the exchange from filing yet another moratorium extension.
While Vauld’s previous moratorium expired on January 20, it is currently seeking another extension from the Singapore Court, according to Moneycontrol. Jonathan Jeremy Edelman filed the affidavit with Singapore Court on behalf of creditors William Doerrfeld, Samuel Burton, Jeffrey Howerbush, and Brian Murray, who owe Vauld a total of $2.23 million. Vauld informed its customers that the hearing for this case will begin on February 27. After experiencing financial difficulties, Vauld formed the Committee of Creditors to consult on the best course of action and to provide legal representation to creditors. This committee includes these creditors.