The potential acquisition of Vauld by cryptocurrency exchane Nexo has been cancelled, five months after the two signed an initial agreement to explore the transaction and less than a month before the Singapore-based target is required to present a restructuring plan. However, talks are still ongoing, according to a source close to the negotiations. The person stated that in order for the deal to be cancelled, there must be mutual agreement, which is currently lacking. Nexo stated that the transaction is not yet over.
