The Singapore-based crypto lender has lost close to $190 million, as per reports, due to its exposure to Terra’s algorithmic stablecoin UST. The crypto lender platform had downplayed its exposure to T...
Tag: Hodlnaut
Embattled Crypto Lender Hodlnaut Lost $190M in the TerraUSD Collapse: Report
Troubled crypto lender Hodlnaut suffered a nearly $190 million loss in TerraUSD (UST) collapse despite downplaying its exposure to the coin, Bloomberg reported on Monday, citing findings from an inter...
Hodlnaut Losses $190 Million In Terra Collapse
Hodlnaut Losses $190 Million In Terra CollapseCrypto Trading Platform Hodlnaut Lost Millions In Terra CrashOctober 31, 2022Hodlnaut, a Singapore-based crypto lender has downplayed its exposure to Terr...
Crypto Platform Hodlnaut Lost $190 Million From Terra’s Crash (Report)
The Singaporean cryptocurrency lending platform – Hodlnaut – reportedly lost approximately $190 million due to its exposure to Terra’s algorithmic stablecoin UST. The latter’s collapse in May has been...
Hodlnaut Founders Deleted Over 1,000 Files, Shows Court Report
A Singapore court report has disclosed that bankrupt crypto lender Hodlnaut has been hiding some documents from the court-appointed Interim Judicial Managers (IJMs). The IJMs at EY Corporate Advisors ...
Hodlnaut Managers Release Circular to Creditors After Removal Plea
In an update on Oct. 12, the judicial managers of troubled crypto lender Hodlnaut released their sixth circular to creditors. In the update, the interim judicial managers refer to a previous applicati...
Merge Price Swings Could Trigger Liquidations, Hodlnaut Warns
Beleaguered crypto lender Hodlnaut warned that a potential bout of volatility in the wake of Ethereum’s upcoming Merge upgrade could pose a risk to its assets. A spike in the prices of Ethereum-based ...
Algorand Revealed Investments Worth $35M In Troubled Crypto Lender Hodlnaut
The Algorand Foundation has disclosed that it has invested $35 million in USD coin (USDC) in the beleaguered crypto lender Hodlnaut. The cryptocurrency lending firm had paused its withdrawals earlier ...
Algorand Foundation Confirms $35M Exposure to Crypto Lender Hodlnaut
The non-profit organization behind the development of the Algorand blockchain infrastructure – Algorand Foundation – has confirmed a $35 million USDC exposure to Hodlnaut. Additionally, it said it is ...
Ethereum Merge Could Spell Trouble for Distressed Crypto Lender Hodlnaut
Ethereum’s pending transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) can trigger new risks for the troubled crypto lender – Hodlnaut. The Singapore-based company was one of several firms in ...
Algorand Foundation Seeks ‘Legal Remedies’ to Reclaim $35M Hodlnaut Deposit
The Algorand Foundation, a not-for-profit organization that supports the development of the Algorand ecosystem, has deposited $35 million in the stablecoin USDC to Hodlnaut, the embattled Singapore-ba...
Algorand Foundation Reveals $35M Exposure to Embattled Crypto Lender Hodlnaut, Commits to Maximally Recovering Its Assets
Following recent Hodlnaut credit woes, the Algorand Foundation says 3% of its assets are tied up with the Singaporean-based crypto lender. The Algorand Foundation recently disclosed a $35 million expo...
How Algorand Foundation Will Pass Through Hodlnaut Issue?
On Saturday, September 9th, 2022, Algorand Foundation announced on Twitter its exposure to beleaguered crypto mending firm Hodlnaut. Further details around the case was given in a blog on its official...
Algorand Foundation Takes a Blow After Hodlnaut Suffers Asset Freeze – crypto.news
Algorand Foundation announced a $35 million USDC blow after Hodlnaut, a crypto lender based in Singapore, suspended all withdrawal transactions from the platform on August 8th, 2022. The Fallout In a ...
Algorand reveals $35M hole in balance sheet owing to exposure to Hodlnaut
The Algorand Foundation is in the news today after it informed its community about the exposure it had to Singapore-based crypto-lender Hodlnaut. The latter is currently facing a liquidity crisis. The...
Hodlnaut Judicial Managers Weigh Unwinding Crypto Lender’s Assets Before Ethereum Merge
According to the statement, a particular risk of the Merge, which looks set to go ahead on Thursday, relates to so-called pricing oracles, which feed data to the smart contracts that govern DeFi proto...
Algorand Foundation faces a $35M exposure to Hodlnaut. Are investors safe?
The last few months have been a long and trying trip for crypto investors. This may go down as the worst crypto winter in history. And Algorand foundation has been added to the list of entities affect...
Algorand Foundation has $35 million exposure to troubled crypto lender Hodlnaut
The Algorand Foundation said that it has a $35 million exposure in USDC to Hodlnaut, a Singapore-based troubled crypto lender that halted client withdrawals last month. That figure represents less tha...
Algorand Foundation Declares $35M Exposure to Troubled Crypto Lender Hodlnaut
Singapore-based Hodlnaut was one of several crypto companies that succumbed to the pressures of the downturn. It applied to be put under judicial management on Aug. 13, five days after it froze withdr...
Algorand Foundation Faces $35M Losses from Exposure to Hodlnaut
The Algorand Foundation, whose mission is to empower the ecosystem of Algorand blockchain cryptocurrency protocol, on Friday announced that it has a $35 million exposure in USDC to Singapore-based tro...
Algorand Foundation outlines $35M exposure to crypto lender Hodlnaut
The Algorand Foundation has revealed a $35 million USDC hole in its balance sheet as a result of exposure to embattled cryptocurrency lending firm Hodlnaut, which has paused withdraws since Aug. 8. A...
Algorand Foundation Discloses $35M Exposure in Hodlnaut
Algorand Foundation has announced that it has a $35 million USDC exposure in troubled Singapore-based lender Holdnaut. According to Algorand Foundation, its $35 million exposure is less than 3% of its...
Court places Hodlnaut under judicial management
Join Our Telegram channel to stay up to date on breaking news coverage A Singapore Court has placed a popular crypto lending firm, Hodlnaut, under Interim Judicial Management (IJM). The development ma...
Crypto Lender Hodlnaut Granted Judicial Management to Organize Restructure
Singapore-based crypto lender Hodlnaut has been granted judicial management by the Singapore High Courts today. Interim managers Angela Ee and Aaron Loh of EY Corporate Advisors Pte. have been appoin...
Struggling crypto lender Holdnaut granted judicial management
Hodlnaut was granted interim judicial management and creditor protection via court order on Tuesday. The judge appointed Ee Meng Yen Angela and Aaron Loh Cheng Lee from EY Corporate Advisors as the cr...
Hodlnaut Granted Creditor Protection, Crypto Daily TV 31/08/2022
In Todays Headline TV CryptoDaily News: Crypto lender Hodlnaut granted creditor protection by Singapore Court. Crypto lender Hodlnaut said it has been placed under interim judicial management by the S...
Hodlnaut Under Creditor Protection Following Its Withdrawals Halt
Hodlnaut is one of the latest companies struggling with insolvency issues. The crypto winter of the year gave a terrible blow to several crypto-related firms and service providers. Some tried differen...
Singapore Court Places Crypto Lender Hodlnaut Under Interim Judicial Management
Almost a month after Hodlnaut froze withdrawals, the crypto lender has been placed under Interim Judicial Management. For the uninitiated, Judicial management is essentially a debt restructuring metho...
Troubled Crypto Lender Hodlnaut Granted Creditor Protection After Suspending Withdrawals
Beleaguered cryptocurrency lender, Hodlnaut, was placed under interim judicial management (IJM) by the Singapore High Court on August 29, a few weeks after the company halted its services due to the r...
Crypto Lender Hodlnaut Granted Creditor Protection
Singapore-based cryptocurrency lender Hodlnaut announced on Tuesday that it has been placed under interim judicial management by the Singapore High Court. After Hodlnaut suspended customer withdrawals...
Singapore Court Grants Hodlnaut Time to Get Its Affairs in Order
A Singapore court has placed beleaguered crypto lender Hodlnaut under judicial management, granting it breathing space to be restructured. The Singapore-based firm said the court had appointed Ee Meng...
Singapore High Court Grants Hodlnaut Judicial Management
26 seconds ago | 2 mins read Defi News Angela Ee and Aaron Loh of EY Corporate Advisors Pte are temporary managers. To save costs, Hodlnaut let off 80 percent of its workforce last week. The Singapore...