Crypto lending firm Hodlnaut to be liquidated by judicial managers

Hodlnaut, a crypto lending firm based in Singapore, is set to be liquidated by its judicial managers, according to a document from EY. The firm had attempted to avoid liquidation but was met with resistance from creditors. Hodlnaut held assets worth over $13 million in the now-bankrupt FTX exchange and lost $189.7 million in the failed DeFi platform Anchor Protocol. The company had previously informed its users of a pending investigation by the Singapore police.