After a failed attempt to restructure, Hodlnaut, a Singapore-based defunct crypto lender will be liquidated by its appointed judiciary managers Aaron Loh Cheng Lee and Ee Meng Yen Angela. Hodlnaut eyes winding up liquidationAccording to an email published by renowned auditing firm EY, the liquidators have filed a winding-up order against the distressed crypto lender which has tried severally to avoid liquidation. These creditors said they preferred liquidation to Hodlnaut’s proposed restructuring plans. Hodlnaut had downplayed its exposure to the Terra ecosystem which went down last year and took other crypto firms along with it. The post Just In: Bankrupt Crypto Lender Hodlnaut Begins Liquidation Process appeared first on CoinGape.

Source: The Nation November 11, 2023 07:33 UTC