Hodlnaut suspends withdrawals! I believe that this is a piece of shocking news to all crypto investors as another crypto platform goes down the drain. The crypto industry is already badly beaten over the 1 year period as we see prices of Bitcoin, Ethereum plunged from their all time high. You really need a strong heart to invest in Cryptocurrencies!
If you never heard of Hodlnaut, they are a Singapore-based crypto currency lender and borrower. In simple terms, you deposit crypto with them and earn crypto interest which is paid out on a weekly basis. In Hodlnaut’s email to all investors, they announced that they will be halting withdrawals, token swaps and deposits with immediate effect. Hodlnaut have also withdrawn their licence application with the Monetary Authority of Singapore (MAS). Therefore, they will no longer be providing regulated digital payment token (DPT) services,...