Hodlnaut
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Revision as of 03:47, 8 December 2022 by Grand Master Pepe (talk | contribs) (Created page with "== Basics == * Hodlnaut is a Singapore-based platform that provides financial services for individual investors who can earn interest on their cryptocurrencies. == History == * [https://www.ibtimes.com/hodlnaut-suffers-nearly-190m-loss-downplaying-exposure-terra-collapse-3630579 From] IBT (1-11-2022): ''"Directors of the cryptocurrency lender Hodlnaut reportedly downplayed the extent of the company's exposure to the Terra ecosystem, which cos...")
Basics
- Hodlnaut is a Singapore-based platform that provides financial services for individual investors who can earn interest on their cryptocurrencies.
History
- From IBT (1-11-2022):
"Directors of the cryptocurrency lender Hodlnaut reportedly downplayed the extent of the company's exposure to the Terra ecosystem, which cost them nearly $190 million, according to a judicial report. A Bloomberg report Monday underlined that Hodlnaut deleted more than 1,000 crucial documents that could have revealed the said exposure. In July, Hodlnaut stopped withdrawals citing "recent market conditions" and said it would focus on "preserving its assets" and stabilizing its liquidity. It suspended withdrawals, token swaps and deposits in August. After freezing its services, Hodlnaut dismissed 80% of its staff while the Singapore High Court approved its request to be placed under judicial management at the end of August."
Team, Partners
- Founded by Bitcoin maximalists Juntao Zhu and Simon Lee in April 2019
