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RoboFi News Review: Top Crypto News of the Week

This week’s news roundup is presented below.

Singapore-based crypto lender Vauld suspends withdrawals.

Vauld, a Singapore-based crypto loan, and trading platform, announced on Monday that withdrawals and trading would be suspended and that it was looking for new investors.

Crypto lender Nexo plans to buy fellow lender Vauld

In the latest hint of consolidation in the digital currency business, Nexo said on Tuesday that it aims to acquire Vauld. As part of its plan to “reorganize its future activities with the objective of accelerating its deeper footprint in Asia,” London-based Nexo announced it would acquire up to 100 percent of Vauld. The deal’s completion date was not specified.

Cryptoverse: The bonfire of the NFTs

Not yet dead is the NFT dream, but it has suffered a severe non-fungible blow. As crypto-rich speculators pumped billions of dollars into hazardous assets, the market shone brightly last year. Six months into 2022, things are looking bad.

Crypto exchange Binance.US hires former PayPal executive as CFO

Lee, a former PayPal exec, is the new CFO of Binance.US, the company’s American subsidiary, which is the world’s largest cryptocurrency exchange. Acorns, an online investing platform, had Lee as its CFO and COO most recently. Prior to that, she worked at PayPal (PYPL.O) for eight years in various executive positions.

Lawsuit accuses troubled crypto lender Celsius Network of fraud

A former investment manager at Celsius Network sued the crypto lender on Thursday, claiming it rigged the price of its own crypto token and failed to properly hedge risk, freezing customer assets. The complaint stated Celsius ran a Ponzi scheme to profit itself through “gross manipulation of customer deposits” and duped KeyFi Inc, run by former manager Jason Stone, into delivering millions in services and refused to pay.

About RoboFi

RoboFi ( is a Defi platform that envisions a marketplace for revolutionary Dao crypto trading bots. Through its IBO (Initial Bot Offering) system, community members can maximize their earnings in an easy, simple, and secure way. We create a safe and transparent environment based on blockchain technologies that help developers bring crypto trading bot platforms to the market. In addition, individuals will have easy access to these bot applications, thereby generating more earning opportunities. RoboFi ecosystem is fueled by the VICS token.

About VICS

VICS token has a distinctive and enticing concept. VICS is the BEP-20 token, built on the Binance smart chain. It is a core utility token in the RoboFi ecosystem, the reliable crypto trading bot marketplace. One important utility is to own the governance token of DABots and participate in an IBO (Initial Bot Offering) to receive additional incentives. VICS is available on major exchanges for trading.

Official Link

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