Vauld
CryptoSingaporeClosed 2022
Total Raised
$26M
Peak Valuation
Undisclosed
Employees
—
Year Collapsed
2022
Business model
Crypto lending and interest-earning platform for retail depositors across South and Southeast Asia.
In brief
Offered high-yield interest accounts on crypto deposits to a fast-growing base of over 800,000 users. Direct exposure to the collapsing Terra/LUNA ecosystem, combined with mark-to-market losses on other holdings, left it roughly $70M short, and it suspended withdrawals and sought…
See the What Happened tab for the full account.
Key facts
- Founded
- 2018
- Closed
- 2022
- Headquarters
- Singapore
- Industry
- Crypto
- Employees
- —
- Revenue
- Undisclosed
- Founders
- Darshan Bathija, Sanju Kurian
Related failures
Zipmex
2018–2022Crypto · Singapore
Ran out of funding$50MFTX
2019–2022Crypto · Bahamas
Fraud$1.80BTerraform Labs
2018–2022Crypto · South Korea
Fraud$200MWyre
2013–2023Crypto · USA
Ran out of funding$28MCoinFLEX
2019–2022Crypto · Seychelles
Ran out of funding$16MQuadrigaCX
2013–2019Crypto · Canada
FraudUndisclosed
Often compared with: Coinbase, Nexo.