Nexo, a crypto lender managing assets for ~4M users, says it’s signed a term sheet to buy Vauld, which recently halted withdrawals and manages assets for ~100K (Ryan Browne/CNBC)

Ryan Browne / CNBC:
Nexo, a crypto lender managing assets for ~4M users, says it’s signed a term sheet to buy Vauld, which recently halted withdrawals and manages assets for ~100K  —  – Nexo has signed a term sheet with Vauld giving it 60 days of exclusive talks to explore an all-equity acquisition of the company.