Hodlnaut Announces Liquidation Amid Crypto Market Downturn
Hodlnaut, a crypto lending firm based in Singapore, has been forced to liquidate its assets after suffering huge losses in the Terra/Luna and FTX debacles. The company’s users and creditors are left in limbo as the liquidation process unfolds. Hodlnaut crypto lending platform, has announced its liquidation after failing to recover from the massive losses […]
Hodlnaut Creditors Seek Liquidation, Reject Restructuring Plan
Creditors of crypto lending platform Hodlnaut have rejected a proposed restructuring plan and would prefer to liquidate the company. Hodlnaut, a Singapore-based crypto lender, is considering liquidating itself after its creditors rejected a proposed restructuring plan and demanded the platform’s assets be sold off. The creditors’ group rejected a restructuring plan proposal that would have […]
Crypto Lender Hodlnaut Under Interim Judicial Management
On August 29, a type of creditor protection called “interim judicial management” was put in place for the Singapore-based lender. Three weeks after it stopped withdrawals because of “difficult market conditions,” Hodlnaut has been put under interim judicial management (IJM), which is a form of creditor protection. In judicial management, the business, property, and assets […]
Hodlnaut under creditor protection after freezing withdrawals
On August 8, Hodlnaut halted all services on its platform claiming a liquidity problem and tumultuous market circumstances. The Singapore court on August 29 ordered the Singapore-based cryptocurrency lending company Hodlnaut to be under interim judicial management, a type of creditor protection scheme. Three weeks after Hodlnaut stopped all trading and withdrawals on its platform […]
Crypto Lender Hodlnaut Faces Singapore Police ‘Sanctions’
Crypto Lender Hodlnaut, which is the latest in the crypto world to freeze withdrawals, said it is working with authorities on “proceedings.” In a blog post on Friday, the Singaporean crypto lender Hodlnaut said that it was laying off many people and that “police proceedings” were pending. This showed how bad things were financially and […]