full image - Repost: VCA Update - February 14, 2023 (from Reddit.com, VCA Update - February 14, 2023)
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VCA Progress Update ReportFebruary 14, 2023VCA AMA 1We invite you to view last week’s VCA AMA #1 posted for all to see at https://www.youtube.com/watch?v=JLyvzvkxXb0Panelist included VCA Managers along with two members of Singapore based Licensed Insolvency Practitioner Korda Mentha. Panelists addressed all questions raised by attendees in both chat and live spoken questions. The slides that were presented are available at the VCA AMA page at https://ift.tt/8PoNvDI AMA 2The next VCA AMA is scheduled for this Thursday February 14, 2023 8 PM to 9:30 PM ET. All VCA members are encouraged to attend. A follow up email will be sent soon with login details. As before, the video of the event will be posted on YouTube for all to see.Vauld Censors VCAIn a serious violation of the judge’s order for Vauld to “enhance and open communications with creditors”, Vauld has banned several users and deleted dozens if not hundreds of posts to its Vauld Official Telegram Group even when these posts were not in any violation of forum policies. Even more egregious is that Vauld automatically deleted all posts to its Telegram group which contained the link to the YouTube video of the VCA AMA 1 even when other YouTube video links were not deleted. Creditors who witnessed this censorship starting taking videos to document the censorship and then submitted written statements to the VCA to be used in future court proceedings. This is all documented at https://ift.tt/v83ANUx Vauld, Kroll, and select CoC Members Have Misrepresented the Defi Payments Liquidation OptionThe VCA have released a detailed report which documents multiple instances where Vauld, Kroll, and select CoC members have misrepresented the Winding Up liquidation option. The report may be found at https://ift.tt/WXFl0Mv on What Items to Choose in Vauld Preliminary VoteSeveral Vauld creditors have approached the VCA for guidance on how to place their vote in the preliminary vote Vauld is holding from February 9th thru 15th. All Vauld creditors are encouraged to take part in the vote. The VCA guidance on how to vote may be found at https://ift.tt/xWvST3N Benefits of Winding UpA short document which highlights the key benefits of a Winding Up liquidation scenario was recently published and is now available at https://ift.tt/RIWity6 Wind Down (MWD) vs Winding Up (WU)A short document with key bullets points that highlight the difference between liquidation via MWD vs WU was recently published and is now available at https://ift.tt/A69LPWy Both MWD and WU are liquidation events. However, there are important differences between the two.VCA Vauld Financial Irregularities ReportA forthcoming report from the VCA financial analyst team is in final review prior to publication. This report exposes a number of highly concerning irregularities in coins reported and the assets and liabilities position of Defi Payments as drawn from financial information supplied in early affidavits thru the 9th affidavit.Questions for Vauld and KrollA list of over 100 unanswered questions that have been submitted to Vauld, Kroll, and the CoC over the last several months is available at https://ift.tt/Y8dDvsE Letter to Rose Kehoe of KrollOn Friday afternoon February 10, 2023 PT the VCA received at [info@vauldcreditors.net](mailto:info@vauldcreditors.net) an email from Rose Kehoe of Kroll. On Monday morning February 13, 2023 PT in the middle of the night VCA Manager Bill Doerrfeld received an email to his personal email account from Rose Kehoe following up on the Friday email. On Monday afternoon February 13, 2023 Mr. Doerrfeld responded to Ms. Kehoe with an open letter that is available at https://ift.tt/Ik7hcqU Firm RetainedFive founding VCA Members have retained the legal services of Singapore based REV Law LLC. These members are co-plaintiffs in future legal proceedings on behalf of Vauld creditors. These proceedings include a demand to reject any future moratorium extensions and an application for a court ordered Winding Up of Defi Payments Pte Ltd.VCA FundTo help defray legal costs, Vauld creditors are kindly asked to contribute to the VCA Fund at https://ift.tt/d74HMi1 you for helping us to help you!
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