Hodlnaut cuts off staff size by 80%
Troubled cryptocurrency lending platform Hodlnaut stated it is cutting down its staff size by a whooping 80% owing to poor financial condition. The catastrophic situation was revealed on August 19 by Hodlnaut, which provides interest-bearing bitcoin investment alternatives in verified institutions. High withdrawal volumes, the general decline in cryptocurrency markets , and losses incurred by […]
Crypto lender Hodlnaut seeks for creditor protection in Singapore
After recently halting withdrawals on its platform, crypto lender Hodlnaut is filing for creditor protection in Singapore. This would prevent any legal claims and procedures from being brought against it by creditors. As it seeks to solve its liquidity crisis, the troubled Asian crypto lender Hodlnaut, which stopped client withdrawals last week, has applied for […]
Hodlnaut suspends services due to liquidity crisis
Crypto lending platform Hodlnaut is suspending transactions including withdrawals and deposits, citing market conditions and a lack of liquidity as a reason. On Monday, the crypto lending business released a formal statement explaining why it had to cease its operations and stating that it was already working on a recovery strategy. Additionally, Hodlnaut announced that […]
Okcoin partners with Singapore based lending company Hodlnaut
US company Okcoin is partnering with Singaporean crypto lending platform Holdanut, the partnership according to the general manager “will benefit customers in the cryptocurrency ecosystem.” Hodlnaut, a Singapore-based crypto lending platform , will collaborate with Okcoin, a cryptocurrency exchange based in the United States, to increase user adoption and transactions. Hodlnaut said the agreement will […]