- The troubled crypto lender Hodlnaut shared another update after the company froze withdrawals on August 8, and then revealed the company is seeking judicial management in order to rehabilitate the startup.
- If the company’s holdings are liquidated and sold, “this would mean that all users (whether you have deposited BTC, ETH or stablecoins) would likely only get back a fraction of what was initially deposited”.
- The company’s judicial management case will be heard today by the Singapore court and if the startup’s filing is successful, an interim judicial manager will be appointed by the court.
Hodlnaut Court Filings Highlight a $193 Million Shortfall, Whistleblower Condemns Crypto Lender’s Contradictory Statements
