The troubled Singaporean cryptocurrency lending firm Hodlnaut is negotiating the sale of its business and other assets with several potential investors. Hodlnaut’s FTX accounts held 514 Bitcoin (BTC), 1,395 Ether (ETH), 280,348 USD Coin (USDC) and 1,001 FTX. As per a recent Bloomberg report, the troubled Singaporean cryptocurrency lending firm Hodlnaut is reportedly negotiating the […]
The troubled Singaporean cryptocurrency lending firm Hodlnaut is negotiating the sale of its business and other assets with several potential investors.As per a recent, the troubled Singaporean cryptocurrency lending firm Hodlnaut is reportedly negotiating the sale of its business and other assets with several potential investors.
Hodlnaut Group owed a total of $160.3 million, i.e. 62% of outstanding debt, to companies and entities such as Algorand Foundation, Samtrade Custodian, S.A.M. Fintech, and Jean-Marc Tremeaux, as of 9 December 2022. Hodlnaut obtained creditor protection from a Singapore court after freezing withdrawals in August, allowing the firm to restructure under court supervision. Ee Meng Yen Angela and Aaron Loh Cheng Lee of EY Corporate Advisors were appointed as interim judicial managers by the court.the proposed restructuring plan and demanded the platform’s assets be liquidated.
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