News Explorer — Crypto Lender Hodlnaut to Liquidate, Repay 17,000 Users

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Nov 10, 4:38 pm

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Crypto Lender Hodlnaut to Liquidate, Repay 17,000 Users

Singapore-based cryptocurrency lending platform Hodlnaut has been ordered by the High Court to liquidate after facing significant losses of approximately $190 million due to investments in the Terra ecosystem. The court appointed joint liquidators to oversee the liquidation process, leaving the fate of Hodlnaut users' deposits uncertain.

Singapore-based cryptocurrency lending platform Hodlnaut has been ordered by the High Court to liquidate after facing significant losses of approximately $190 million due to investments in the Terra ecosystem. The court appointed joint liquidators to oversee the liquidation process, leaving the fate of Hodlnaut users' deposits uncertain.

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