- Hodlnaut has suspended withdrawals, swaps and deposits since 8 August 2022 and has withdrawn its digital payment token (DPT) services license
- As of 13 August 2022, they have filed an application with the Singapore High Court to be placed under judicial management
If you’ve kept up with cryptocurrency news, you would have heard of yet another crypto lending platform that has landed itself in hot water.
Hodlnaut, a Singapore-based cryptocurrency lender and borrower, has suspended withdrawals, swaps and deposits since 8 August 2022.
And as of 13 August 2022, they have filed an application with the Singapore High Court to be placed under judicial management.
Source: Giphy
This comes after a series of bad news from other crypto players such as Three Arrows Capital, Celsius and Terraform Labs (Anchor Protocol).
So here’s what happened and what it means for users of Hodlnaut.
TL;DR: Hodlnaut Suspends Withdrawals & Seeks Judicial Management
