https://techcrunch.com/2022/07/04/crypto-lending-platform-vauld-suspends-withdrawals-trading-and-deposits-amid-financial-challenges/

Vauld, a Singapore-headquartered crypto lending and exchange startup, has suspended withdrawals, trading and deposits on its eponymous platform with immediate effect as it navigates “financial challenges,” it said Monday.

The startup — which counts Peter Thiel-backed Valar Ventures, Coinbase Ventures and Pantera Capital among its backers and has raised about $27 million — said it is facing financial challenges amid the market downturn and has seen customer withdrawals of about $198 million since June 12.