Vauld Creditors

On June 16, 2022, Vauld founder Darshan Bathija assured investors in his digital currency platform that it was safe because of its "conservative approach." 18 days later withdrawals were frozen. It would be months before Vauld's dark secrets emerged. #cryptoscam

Extremely important for people to realize that this is @darshanbathija 's next project, and that he is a fraud who already has 3 failures under his belt. He owes the creditors from Vauld millions. Everyone should be careful involving themselves in any way, shape or form with Darshan Bathija. He has failed at multiple businesses, and his most recent failure as the CEO of Vauld has left a lot of the Vauld creditors and customers in dire straits. He sent a letter to all of his creditors back in June 2022 telling them everything is perfectly fine. Everyone's funds were locked up just a couple weeks later. This has been devastating and hurtful to thousands upon thousands of people. And the only thing Darshan has done is skulk away and attempt to set up a new shop where he will undoubtedly try to defraud more people. Here is the letter he sent out to everyone. Anyone can research this and check it out for themselves if they are so inclined. But be careful dealing with Darshan. He is not a legitimate businessman, is as dishonest as they come, and only thinks about and cares about himself.

Meet Jason Alexander Kardachi - Part 1 He has been the director of 4⃣ failed companies. As a result he was disqualified by Singapore Courts from running any company for 5 years under threat of 2 years imprisonment. Isn't he the perfect choice to scam #WazirX users?

#WazirX has hired many PR agents who all follow each other, copy paste Pro-WazirX messages and praise Nischal shamelessly for money. Do not interact with these users. Even if their posts make you angry, do not reply. Ignore the cheap bastards! #WazirxScam

@govsingapore @VisitSingapore @SingaporePolice

Investors beware: More and more companies are moving headquarters to Singapore, a haven for criminals and con artists. We @VauldOfficial and @IndiasCrypto creditors learned the hard way Singapore protects criminal scum while ignoring creditor rights. STAY AWAY!

This is the fate of WazirX users if we agree for restructuring. This kind of scam seems to be Jason Kardachi's speciality. #WazirxScam #WazirX

“Vauld consistently and deliberately deletes posts that include content it doesn't want other creditors to see … in direct violation of clear direction from the court.” vauldaction.org/articles/lies-…

US govt needs to take a harsh look at this island of criminals & scamsters. Investors need to stay far away from companies based in Singapore. Trust no company connected to Singapore. The whole country is big shining lie. This is what @VauldOfficial creditors learned

Maybe world will now learn what @VauldOfficial and @IndiasCrypto creditors already learned the hard way: behind its shiny facade, Singapore is a filthy haven for criminals like @darshanbathija and their hired guns like Jason Kardach of @Krollwire markets.businessinsider.com/news/stocks/u-…

@VauldOfficial On Vauld’s censorship of creditors  It is clear Vauld’s censorship of creditors on its official forum goes way beyond just maintaining a so to speak “focused discussion” or “maintaining decorum“. Vauld are deleting posts that simply reference language in the scheme such as how to replace the CR. Vauld is purposely and deliberately removing factual and non-abusive posts which contain content they don’t want creditors to see. This is a level of censorship far beyond the type of moderation noted in their affidavit submitted to the court where they state the grounds by which they will moderate the forum, irrespective of the courts clear direction for them not to moderate. The court has never provided any direction to Vauld on this matter other than directing them to provide an unmoderated communication space where the company does not intervene and creditors have the right to communicate freely. The judge pointed out that it might lead to a free-for-all, but pointed out the necessity for creditors to communicate openly. Vauld has been in violation of this directive for nearly 2 years. If not already, sign the petition regarding Vauld’s censoring and avoiding creditors. This is a first step for showing a united front of creditors holding Vauld to account. Credit Luke! @vauldpeople Soon to be #WazirxScam !

Angry creditors are demanding to know why the mysterious guy who is being paid tens of thousands of dollars to represent them is such a worthless tool

This worthless lowlife scumbag needs to be erased. He has zero qualifications for the job. His financial experience seems to have been nothing more than mooching like a parasite off of others. Vauld needs to get rid of this guy now.

Of all the filthy rats involved in the Vauld debacle perhaps none is more craven and detestable than Damir Butmir, the toxic, thin-skinned little bitch who connived his way into becoming the creditors representative a juicy salary of $10,000 a month

Just 10 days after Vauld operatives and @darshanbathija froze customer assets, they were on hand to receive awards at for  'Best Customer Experience’, ‘Winner of Strategic Leader of the Year”, and ‘Speaker Recognition’. vauldaction.org/articles/vauld…

Interesting that @darshanbathija keeps posting nonsense on X, while having replies turned off, while he has done nothing to help Vauld creditors get their money back after he ran that company into the ground. Take this one for example, where he is going out of his way to kiss the A$$ of other people on X, in a feeble attempt to gain some sort of following. No matter what, he will always be an illegitimate fraud. Any CEO of any company who sends a letter to all of its customers telling them everything is OK, then locking up their funds just a couple of weeks later, is a fraud. There is a lot more interesting information and a history of Darshan's horrific behavior at Vauldaction.org. It is definitely worth checking out. @noechochambers6 @vauldpeople @IndiasCrypto

@darshanbathija It's a new year and Darsha Bathija is still a fraud. The failed CEO of Vauld and Bank of Hodlers, amongst other businesses he has been in charge of that have collapsed, still owes all of the creditors from Vauld their money back. He continues to hide but still posts goofy things

Here are the top 10 takeaways from Vauld's 5th Quarterly Townhall Update: 🚨 This information is taken from @VauldOfficial 5th townhall. Withdrawal Progress: 98% of liquid Assets Under Management (AUM) have been processed for withdrawal requests. However, there's a current spike in requests due to increased token values, causing delays. Illiquid Asset Recoveries: The bankruptcy trustee has secured assets valued at approximately USD 188 million, primarily in altcoins. Liquidation plans are pending confirmation from the Estonian Court. FTX Claims: Defi Payments has a gross USD 7.5 million claim against FTX. The Board is considering listing this claim on the secondary debt market due to the extended timeline for recoveries from the FTX administration. Flipvolt Case: A rejoinder addressing objections raised by the Enforcement Directorate (ED) has been filed. The arguments for this case are scheduled for 24 February 2025. Monthly Cash Flow Estimate: The document provides a detailed cash flow estimate for the current and upcoming months, highlighting various cost categories and their respective amounts. Counterparty A: Confidentiality obligations prevent the disclosure of Counterparty A's identity and details of ongoing arbitration. CoinLoan: The bankruptcy trustee has initiated plans to liquidate the portfolio of token assets, pending confirmation from the Estonian Court. FTX Dotcom and EU Claims: The Board is striving for higher pricing in the interests of creditor recoveries. Legal Costs: Significant legal costs are associated with various cases, including Flipvolt, Counterparty A, and CoinLoan. Restructuring Costs: Post-restructuring costs include payments to the Creditor Representative and Scheme Manager. Future Withdrawals Efforts to resolve the backlog of withdrawal requests are underway, but progress has been slower than anticipated due to limited staffing and security enhancements to hot wallets. The timing of future distributions is dependent on several factors, including the completion of the debt adjudication process, review and confirmation by the Estonian Court, and the liquidation of token assets. @vauldpeople @VauldOfficial 🚨 This information is sourced from the Vauld 5th Townhall. of liquid AUM, withdrawal delays persist due to increased token values. Illiquid assets worth $188M pending liquidation approval. FTX claims, Flipvolt case, and legal costs add to the complexity. Future withdrawals depend on court approvals and asset liquidation. Stay tuned! #CryptoDrama #Vauld #WithdrawalWoes