Suspension Of Vauld’s Operations Puts Spotlight On Credibility Of Finfluencers

Suspension Of Vauld’s Operations Puts Spotlight On Credibility Of Finfluencers

SUMMARY

Vauld’s announcement of suspension of its operations has left investors worried about their investments

The suspension of operations has also raised questions about influencers who promoted Vauld through their content

Many Indian crypto exchanges also promoted themselves through influencers, who are being questioned now about the kind of disclaimers they give

The suspension of operations by asset-backed lending and borrowing platform Vauld amid the crash in cryptocurrency market has raised questions about the credibility of finfluencers, or personal finance content creators, and if they should be giving advice on investments.

Earlier this week, Singapore-based Vauld announced that it is suspending its operations. In a blogpost, it said that the current market climate has led to significant customer withdrawals. 

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