Crypto lender Hodlnaut has frozen withdrawals, token swaps and deposits as of Monday (Aug. 8), citing the “recent market conditions,” the company website said. The Singapore company said a “difficult decision was taken for us to focus on stabilising our liquidity and preserving assets, while...
Yet another crypto lender announced that it has frozen withdrawals, leaving customers potentially facing steep losses. While details are scant, the Singapore-based lending platform Hodlnaut may have had exposure to both the Terra/LUNA algorithmic stablecoin, which collapsed in May after a weeklong $48 billion run,...
August 09, 2022
Although it calls cryptocurrency investments “highly hazardous,” the Monetary Authority of Singapore (MAS) has said it is not at risk from recent collapses in the industry. As Bloomberg reported Tuesday (Aug. 9), the MAS made this statement while also noting it had revoked its in-principle approval of a license for crypto lender Hodlnaut. Hodlnaut on […]
August 08, 2022
Crypto lender Hodlnaut has frozen withdrawals, token swaps and deposits as of Monday (Aug. 8), citing the “recent market conditions,” the company website said. The Singapore company said a “difficult...
