Cryptocurrency lending firm Hodlnaut in Singapore is facing liquidation following financial losses tied to the Terra/Luna crash and the collapse of FTX last year. The company sought to restructure themselves by asking for judicial management, but creditors refused and an investigation by the Singapore Police complicated further. After $189.7 in losses from the Anchor Protocol and $13 million tied up in the FTX bankruptcy, the company had to lay off 80% of its workforce as liquidation became inevitable. This marks the end of a difficult chapter for the 17,000 users of Hodlnaut.
Caroline Lewis
- 2023-11-11
Hodlnaut Liquidation in Singapore After Major Financial Losses
