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Strassel More Editorials Commentary Future View Letters to the Editor The Weekend Interview Potomac Watch Podcast Foreign Edition Podcast Free Expression Podcast Opinion Video Notable & Quotable * Books & Arts Reviews Film Television Theater Masterpiece Series Music Dance Opera Exhibition Cultural Commentary Sections Arts Books More WSJ Puzzles Life Video Arts Video * Real Estate Sections Commercial Real Estate More Real Estate Video * Life & Work Sections Cars Careers Food & Drink Home & Design Ideas Personal Finance Recipes Travel Wellness Columns Your Health Work & Life The Middle Seat Bonds At Work Turning Points On Wine On The Clock More WSJ Puzzles Space & Science * Style Sections Fashion Film Television Music Art & Auctions Columns My Monday Morning Off Brand On Trend * Sports Sections Beijing 2022 Olympics MLB NBA NFL Golf Tennis Soccer Columns Jason Gay Search This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/ peter-thiel-backed-crypto-lender-vauld-suspends-withdrawals-11656945617 Share * Facebook * Twitter * LinkedIn * Copy Link * Markets * Finance Peter Thiel-Backed Crypto Lender Vauld Suspends Withdrawals Vauld is exploring a possible restructuring after becoming the latest crypto platform to freeze services When cryptocurrency lending platform Celsius froze user accounts amid a plunge in valuations, it sent ripples across the industry and raised questions about what happens to user assets if a crypto platform files for bankruptcy. WSJ's Vicky Ge Huang explains. Photo illustration: Jordan Kranse By Caitlin Ostroff July 4, 2022 10:40 am ET print Text Listen to article (2 minutes) A cryptocurrency lender backed by Peter Thiel and Coinbase Global Inc. suspended withdrawals, trading and deposits on its platform, citing volatile market conditions and financial difficulties facing key business partners. The platform, Vauld, said Monday that it froze the operations after users pulled almost $200 million over the last three weeks. A sharp decline in cryptocurrency prices that began with the collapse of two cryptocurrencies in May has spooked traders and caused knock-on effects in the digital asset world. 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All Rights Reserved. Copyright (c)2022 Dow Jones & Company, Inc. All Rights Reserved This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.