Tag: hodlnaut

Aug 31 2022

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 different approaches that could cut down their expenses. This led some companies to lay off some employees to lower their costs per head. Hodlnaut, the crypto lending firm, was at the brim of...

Crypto Lender Hodlnaut Under Interim Judicial Management

Aug 31 2022 Published at Coinscreed under tags  hodlnaut judicial management news singapore

On August 29, a type of creditor protection called "interim judicial management" was put in place for the Singapore-based lender. Three weeks after it stopped withdrawals because of "difficult market conditions," Hodlnaut has been put under interim judicial management (IJM), which is a form of creditor protection. In judicial management, the business, property, and assets […] The post...

Aug 30 2022

Singapore court places Hodlnaut under judicial management

Aug 30 2022 Published at CryptoSlate under tags  bankruptcy celsius network hodlnaut

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 and Aaron Loh Cheng Lee, care of EY Corporate Advisors Pte. Ltd., as interim managers for the Singapore-based company. Aaron and Angela combined have over 50 years of experience...

Hodlnaut under creditor protection after freezing withdrawals

Aug 30 2022 Published at Coinscreed under tags  hodlnaut news

On August 8, Hodlnaut halted all services on its platform claiming a liquidity problem and tumultuous market circumstances. The Singapore court on August 29 ordered the Singapore-based cryptocurrency lending company Hodlnaut to be under interim judicial management, a type of creditor protection scheme. Three weeks after Hodlnaut stopped all trading and withdrawals on its platform […] The post...

Aug 23 2022

Hodlnaut Could Collapse If It Complies With Singaporean Police

Aug 23 2022 Published at Crypto Briefing under tags  hodlnaut news singapore

Hodlnaut revealed today that the Singapore Police Force had issued a transfer order that could exhaust its accounts. Singapore Police Demand $127 Million Singapore police are demanding money from Hodlnaut....

Hodlnaut Says It’s Not Being Investigated Singapore Police

Hodlnaut said that it was not the subject of an investigation by the Singapore Police Force. It offered a summary of events in the judicial review case. The company paused withdrawals earlier this month and is facing a $193 million financial deficit. Crypto firm Hodlnaut has announced that it is not the subject of an investigation by the Singapore Police Force, posting on...

Aug 20 2022

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 cryptocurrency investment options in approved institutions with interest, disclosed liquidity issues. Hodlnaut confirmed that it ended the employment of approximately 40 individuals "to cut corporate expenses." According to its statement, the...

Aug 19 2022

Hodlnaut Cuts Staff as Terra Exposure Is Revealed

Aug 19 2022 Published at Crypto Briefing under tags  hodlnaut insolvency news

Hodlnaut's judicial management process has revealed exposure to Terra, while the firm has decided to lay off employees. Hodlnaut Proceedings Continue Hodlnaut is cleaning house as it continues its recovery...

Crypto Lender Hodlnaut Faces Singapore Police ‘Sanctions’

Aug 19 2022 Published at Coinscreed under tags  crypto hodlnaut news singapore

Crypto Lender Hodlnaut, which is the latest in the crypto world to freeze withdrawals, said it is working with authorities on "proceedings." In a blog post on Friday, the Singaporean crypto lender Hodlnaut said that it was laying off many people and that "police proceedings" were pending. This showed how bad things were financially and […] The post...

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...

Hodlnaut cuts off staff size by 80%

Aug 19 2022 Published at Coinscreed under tags  hodlnaut news staff

Troubled cryptocurrency lending platform Hodlnaut stated it is cutting down its staff size by a whooping 80% owing to poor financial condition. The catastrophic situation was revealed on August 19 by Hodlnaut, which provides interest-bearing bitcoin investment alternatives in verified institutions. High withdrawal volumes, the general decline in cryptocurrency markets, and losses incurred by the […] The post...

Aug 17 2022

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 week ago, the crypto platform had suspended its withdrawals, deposits and swaps. It also has frozen user assets on its platform itself. The crypto lender precisely allows users to deposit cryptocurrencies such as...

Aug 16 2022

Hodlnaut Seeks Judicial Management After Halting Withdrawals

Aug 16 2022 Published at Crypto Briefing under tags  bankruptcy hodlnaut news

Crypto lender Hodlnaut has announced that it is seeking judicial management in Singapore following its decision to suspend withdrawals. Hodlnaut Requests Judicial Management Hodlnaut has announced its latest steps toward...

Another CeFi Firm Hit With Liquidation Woes

Aug 16 2022 Published at Coingape under tags  cefi crypto liquidation hodlnaut news ust crash

Singapore based crypto lender Hodlnaut has filed an application with Singapore High court to be placed under judicial management. A while ago, the...

Crypto lender Hodlnaut seeks for creditor protection in Singapore

Aug 16 2022 Published at Coinscreed under tags  creditor protection hodlnaut news singapore

After recently halting withdrawals on its platform, crypto lender Hodlnaut is filing for creditor protection in Singapore. This would prevent any legal claims and procedures from being brought against it by creditors. As it seeks to solve its liquidity crisis, the troubled Asian crypto lender Hodlnaut, which stopped client withdrawals last week, has applied for […] The post...

Aug 08 2022

Hodlnaut Halts Customer Withdrawals, Becomes Latest Exchange To Plunge Into Crisis

Hodlnaut stopped offering exchange services on its platform on Monday, citing liquidity crisis and the need to discuss a recovery strategy with a legal advisory firm as the industry battles to survive in the wake of a collapse in the price of cryptocurrencies. Hodlnaut Latest To Halt Withdrawals Hodlnaut, a Singapore-based lending platform for crypto lending, announced a ban on withdrawals due to...

Hodlnaut suspends services due to liquidity crisis

Aug 08 2022 Published at Coinscreed under tags  hodlnaut liquidity crisis news withdrawals

Crypto lending platform Hodlnaut is suspending transactions including withdrawals and deposits, citing market conditions and a lack of liquidity as a reason. On Monday, the crypto lending business released a formal statement explaining why it had to cease its operations and stating that it was already working on a recovery strategy. Additionally, Hodlnaut announced that […] The post...

[Updated] Hodlnaut Review: Is Hodlnaut Legit and Worth Your Time?

Hodlnaut is a Singapore-based cryptocurrency interest account platform that offered compound interest of 10% for stablecoin assets and 6% for Bitcoin. On August 8th, 2022, Hodlnaut suspended all withdrawals, token swaps, and deposits– making it third largest CeFi "crypto interest account" platform to prevent its users from withdrawing their assets (behind Celsius and Voyager.) ...

Hodlnaut Review: Is Hodlnaut Legit and Worth Your Time?

Hodlnaut is a Singapore-based cryptocurrency interest account platform that offered compound interest of 10% for stablecoin assets and 6% for Bitcoin. On August 8th, 2022, Hodlnaut suspended all withdrawals, token swaps, and deposits– making it third largest CeFi "crypto interest account" platform to prevent its users from withdrawing their assets (behind Celsius and Voyager.) ...

Hodlnaut Becomes Latest Crypto Lender to Freeze Withdrawals

Aug 08 2022 Published at Crypto Briefing under tags  bankruptcy business hodlnaut

Hodlnaut has said it is working on a recovery plan without disclosing any additional information concerning the current status of users' funds. Hodlnaut Suspends Services Singapore-based crypto lending platform Hodlnaut...

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