a cryptocurrency lender backed by Peter Thiel’s Weller Ventures and Coinbase Global Inc., Filed for protection against creditors in Singapore after the withdrawal was stopped.
The Wald Group filed an application on July 8 seeking a stay order in favor of the company, a spokesperson for the company confirmed. The move gives Wald and its management “the necessary breathing space to prepare for the intended restructuring for the benefit of all stakeholders,” the company said in a blog post on July 11.