Cryptocurrency News

Hodlnaut now placed under creditor protection after freezing withdrawals

08/30/2022

Less than a minute

2022.08.30 21:49

Hodlnaut now placed under creditor protection after freezing withdrawals

Singapore-based crypto lending firm Hodlnaut was placed under interim judicial management, a form of creditor protection program, by the Singapore court on Monday.

The court orders came three weeks after Hodlnaut froze all trading activities and withdrawals on its platform citing a liquidity crisis. In an official blog post on Aug. 30, the crypto lending platform notified its users that Ee Meng Yen Angela and Aaron Loh Cheng Lee, care of EY Corporate Advisors, were appointed as interim judicial managers. The blog post read:

08/30/2022

Less than a minute

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