The crypto lending platform Hodlnaut will be liquidated

ChainCatcher news, Singapore's crypto lending platform Hodlnaut stated on the X platform that Ms. Ee Meng Yen Angela and Mr. Aaron Loh Cheng Lee will be relieved of their duties as joint executive judges of Hodlnaut and appointed as joint and individual liquidators. Other details about the company (including the value of any remaining assets) have not been disclosed.

Previously, the crypto lending platform Hodlnaut announced a halt to withdrawals, trading, and deposits, and withdrew its application to MAS. It then accepted interim judicial management, with Angela and Cheng Lee serving as managers, to avoid creditors forcing Hodlnaut into liquidation and to provide Hodlnaut with an opportunity for restructuring.