Troubled crypto lender Vauld and its committee of creditors (COC) rejected rival Nexo's "final" acquisition proposal due to concerns about Nexo's financial health and others issues. "We have taken the terms of the Final Nexo Proposal into consideration and further consulted with the COC, and we unanimously do not accept your proposal as it stands," Vauld co-founder and CEO Darshan Bathija wrote to Nexo in a letter dated Wednesday that was obtained by The Block.

Bogota, Colombia-based crypto wallet app Zulu has raised $5 million in a seed round as it seeks to expand its user base in Latin America.Early-stage venture capital firm Cadenza Ventures led the round.Firms including web3-focused fund Nexo Ventures also participated, as well as several individual investors.