Nexo offers to buy struggling rival Vauld amid the market consolidation

    Сrypto lender Nexo has signed a term sheet with Vauld to explore an all-equity acquisition of the company. Nexo said it plans to restructure the company and pursue an expansion in Southeast Asia and India. Before, Vauld paused operations and said it was exploring restructuring options due to “financial challenges.” Struggling crypto lender Vauld has…