Vauld told the court in an affidavit that the discussions with the fund managers are at an advanced stage, the person said.
A Singapore court extended the period of creditor protection for crypto lender Vauld to Feb 28 because the company has yet to come up with a revival plan, according to a person familiar with the matter.
Vauld, which froze customer withdrawals in July and hired advisers to explore a restructuring, has received bids from two digital-asset fund managers to take over management of the tokens stuck on its platform, the person added, asking not to be identified discussing private information.
