Singapore-based crypto lending firm Hodlnaut was placed under interim judicial management, a form of creditor protection program, by the Singapore court on Monday. The court orders came three weeks af...
Tag: Hodlnaut
Singapore court places Hodlnaut under judicial management
Embattled crypto lender Hodlnaut has been placed under interim judicial management (IJM), according to an August 29 announcement. According to the announcement, the court-appointed Ee Meng Yen Angela ...
Fundraising Rounds Continue, Hodlnaut Reports $193 Million Shortfall, Crypto Market Uptrend – crypto.news
Projects like Ready Player Me and Mural announced successful funding rounds. Hodlnaut also just recently announced a $193 million shortfall in their balance sheets while seeking Judicial management fo...
Hodlnaut Reveals Engaging in Two Sets of Legal Proceedings
Hodlonaut’s request to be put to be placed under judicial management with the Singapore High Court was agreed upon, but the judicial managers – Samtrade Custodian Limited and S.A.M Fintech Pte Ltd – d...
Hodlnaut Could Collapse If It Complies With Singaporean Police
Key Takeaways Hodlnaut has revealed that the Singapore Police Force demanded money via a transfer order in July. That transfer order concerns $127 million in an account belonging to one customer, Samt...
Hodlnaut Court Filings Highlight a $193 Million Shortfall, Whistleblower Condemns Crypto Lender’s Contradictory Statements – Coinotizia
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 sta...
Hodlnaut reports $193 million financial shortfall as it seeks court protection
Embattled crypto lender Hodlnaut reported a nearly $200 million financial shortfall in a court affidavit filed earlier this month and obtained by The Block. The affidavit supporting Hodlnaut’s applica...
Hodlnaut Court Filings Highlight a $193 Million Shortfall, Whistleblower Condemns Crypto Lender’s Contradictory Statements – Bitcoin News
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 sta...
Hodlnaut Reels Under Threat of Liquidation, Seeks Judicial Management
Friday gave way to several unpleasant surprises, Hodlnaut being one of them. Nearly insolvent, Hodlnaut tightened its grip to survive yet another crypto bloodbath. A few days ago, Hodlnaut had filed f...
Terra Exposure Revealed, Hodlnaut Cuts Staff
Hodlnaut distributed a report on its recuperation endeavors and its legal administration process today A spilled part of continuing records uncover that the organization had essentially circuitous ope...
Hodlnaut dismisses 80 percent of its workforce
Hodlnaut, a Singapore-based crypto lender, has laid off over 80 percent of its workforce. The crypto lender confirmed the development in a blog post. Additionally, Hodlnaut applied to be put under jud...
Hodlnaut facing police proceedings, cuts 80% of staff
Holdnaut, the embattled crypto lender, faces police proceedings and revealed that it laid off most of its staff. The Singapore-based crypto firm said there are “pending proceedings” between itself an...
Crypto New Casualty – Hodlnaut Sacks 80% Of Personnel Due To Liquidity Distress
Troubled Crypto lender Hodlnaut has laid off 80% of its employees and filed for judicial intervention in Singapore in a bid to decrease costs and stay afloat. On Friday, Hodlnaut, which offers cryptoc...
Hodlnaut Slashes 80% of Workforce Ahead of Application For Singapore Judicial Management
Hodlnaut is the latest name under the layoff effect across the industry. The cryptocurrency lending platform has applied for judicial administration and laid off most of its employees in an effort to ...
Crypto Lending Platform Hodlnaut Fires 80% of Working Staff
15 seconds ago | 2 mins read Exchange News Hodlnaut had $187 million in TerraUSD before it crashed to $0. The company reiterated that it had not placed any assets with Celsius. Hodlnaut, a cryptocurre...
Hodlnaut cuts 80% of staff, applies for Singapore judicial management
Cryptocurrency lending firm Hodlnaut has cut most of its workforce and has applied to be placed under judicial management due to bleak financial circumstances. Hodlnaut, which offers interest-bearing ...
Hodlnaut Cuts Staff as Terra Exposure Is Revealed
Key Takeaways Hodlnaut published an update on its recovery efforts and its judicial management process today. A leaked portion of proceeding documents reveal that the company had at least indirect exp...
Hodlnaut Announces Police Enquiry, Cuts 80% of Staff
Troubled crypto lender Hodlnaut today announced that it is subject to a police inquiry, and has had to cut 80% of its workforce. The Singapore-based crypto firm updated its community after it filed fo...
Crypto Lender Hodlnaut Cuts Staff Amid Police Investigation
Hodlnaut has laid off 40 employees to lower expenses Losses suffered by the firm’s Hong Kong subsidiary during the TerraUSD crash hurt its business Singapore-based cryptocurrency lender Hodlnaut is la...
What Happens If Hodlnaut Gets Liquidated? Crypto Lender Lays Off 80% Staff
A few days ago, crypto lender Hodlnaut halted withdrawals and subsequently announced it will be going under judicial management in Singapore to prevent liquidation; it has now taken further steps to s...
Hodlnaut a Singapore-Based Crypto Lender Fronts Police Actions And Unexpected Job Cuts
The interest-paying crypto swap shop is gripped in Legal proceedings with Singapore authority. Hodlnaut has fired a massive number of employees from their firm. Hodlnaut, a Singapore-based crypt...
Singapore-based crypto lender Hodlnaut cuts 80% jobs
Hodlnaut, a troubled Singapore-based crypto lender, says it has released 80% of its workforce as it looks to execute a recovery plan after its financial health took a major hit. In a blog post Friday,...
Hodlnaut Confirms Interactions With Singapore Police, Job Cuts, Interest Rates Halts
In the wake of a statement by Hodlnaut confirming its request for judicial management on the 16th of August, the distressed platform has updated its original announcement providing more context on the...
Crypto Lender Hodlnaut Applies for Judicial Management in Singapore – crypto.news
Embattled Singapore-based crypto lending platform, Hodlnaut, has applied for protection in the Singapore High Court to be under creditor protection. The crypto exchange wants judicial protection as it...
Crypto Lender Hodlnaut Files for Creditor Protection in Singapore
Hodlnaut is expected to provide its next update on August 19 and hopes that its latest action will give it some time to devise a recovery plan to avoid liquidating customer assets. Crypto lender Hodln...
After Zipmex, Crypto Lender Hodlnaut Files For Creditor Protection
Hodlnaut, a cryptocurrency lender and borrower based out of Singapore has recently filed an application for judicial management. This shall help the platform restructure its business. A little over a ...
Hodlnaut Applies for Court Protection amid Liquidity Crises
Hodlnaut, a Singapore-based digital currency lending platform, has joined its counterparts in seeking out the protection of the courts with its recent application for Judicial Management. The crypto ...
Hodlnaut Files for Creditor Protection
After pausing customer withdrawals last week, Singapore-based cryptocurrency lender Hodlnaut has filed for creditor protection allowing it more time to recover from its financial woes. The crypto lend...
Battered Crypto Lender Hodlnaut Seeks Judicial Management
A week after suspending its services, the crypto lending platform Hodlnaut filed for an application to be placed under judicial management with the Singapore High Court. Under judicial management, the...
Hodlnaut Seeks Judicial Management After Halting Withdrawals
Key Takeaways Hodlnaut, a crypto lending company that has suspended user withdrawals, is requesting judicial management in Singapore. The company says that this process will protect it against legal c...
Troubled crypto lender Hodlnaut files for creditor protection in Singapore
Embattled Asian crypto lender Hodlnaut, which halted client withdrawals last week, has filed for protection against creditors in Singapore as it works toward resolving its liquidity crisis. Announcing...