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 […]
Singapore’s Central Bank To Impose Crypto Sanctions
The head of Singapore’s Central Bank says that this approach is “synergistic” and that price speculation is the cause of the problems in the crypto world. Ravi Menon, managing director of Singapore’s Central Bank, said that the bank wants to promote a digital asset ecosystem while putting limits on crypto speculation (MAS). Menon said in […]
MAS warns against cryptocurrency retail investments
The Monetary Authority of Singapore (MAS) has warned investors against retail investments in cryptocurrencies citing high volatility in the cryptocurrency market. At a seminar on August 29, the managing director of the Monetary Authority of Singapore (MAS), Ravi Menon, addressed the organization’s conflicting public statements regarding cryptocurrencies. The populace charged that regional regulators were promoting […]
Crypto Hedge Fund’s Liquidators Receive Backlash
Su Zhu, who helped start Three Arrows Capital, said Teneo lied to the High Court of Singapore. This week, the High Court of Singapore gave permission for the liquidator to look into the Crypto Hedge Fund’s local assets. The co-founder of Three Arrows Capital, Su Zhu, said in a notarized document that the crypto hedge […]
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 […]