Crypto lender Hodlnaut reveals S’pore police proceedings, cuts 80% of jobs

SINGAPORE – Cryptocurrency lender Hodlnaut, which is mired in financial woes, said there are “pending proceedings” between the firm and the Singapore authorities, although it did not reveal more. In a statement issued on Friday, it said the proceedings involve the Attorney-General’s Chambers and the Singapore Police Force, adding that it is unable to disclose any […]

Crypto lender Hodlnaut applies for judicial management to avoid forced liquidation of its business

SINGAPORE – Beleaguered crypto lender Hodlnaut on Saturday (Aug 13) filed an application with the High Court to be placed under judicial management, the company announced in a statement on Tuesday. It added that judicial management would provide the best chance of recovery. “We are aiming to avoid a forced liquidation of our assets as […]