Share this article
BTC
$79,718.97
+
2.21%ETH
$1,575.79
-
0.02%USDT
$0.9995
+
0.01%XRP
$1.9354
+
1.02%BNB
$558.24
+
1.19%USDC
$1.0000
-
0.03%SOL
$108.84
+
2.76%DOGE
$0.1516
+
2.23%TRX
$0.2286
-
0.28%ADA
$0.5923
+
3.99%LEO
$8.9032
+
0.20%TON
$3.1348
+
7.91%LINK
$11.61
+
3.62%XLM
$0.2345
+
1.80%AVAX
$16.85
+
5.47%SHIB
$0.0₄1154
+
2.90%SUI
$2.0608
+
7.76%HBAR
$0.1524
+
9.16%OM
$6.2799
+
6.66%BCH
$277.52
+
2.73%Sign Up
- Back to menuNews
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menuSponsored
- Back to menu
- Back to menu
- Back to menuResearch
- Back to menuWebinars & Events
- Back to menu
Crypto Lender Hodlnaut to Be Liquidated, Court Filing Shows
A winding up order was filed by Hodlnaut's liquidators on May of this year.
Singapore-based cryptocurrency lender Hodlnaut will be liquidated, according to the company’s former interim judicial managers, Aaron Lee and Angela Ee.
A winding-up order was filed on Nov. 10 with the High Court of Singapore. Liquidators will continue to provide updates to the exchange's creditors, of which there are more than 17,000.
STORY CONTINUES BELOW
Hodlnaut applied for creditor protection last August after suffering around $189 million in losses due to the Terra ecosystem exposure, which collapsed in May 2022.
The lender also had $13.3 million worth of crypto locked on FTX before the exchange froze withdrawals and ultimately filed for bankruptcy last November.
Holdnaut creditors rejected a restructuring plan earlier this year, favoring liquidation as it would better serve their interests.
Aaron Lee and Angela Ee have now been appointed as liquidators of Hodlnaut, which will be wound up under the Insolvency, Restructuring and Dissolution Act of 2018.
The winding-up application was filed in May this year and approved on Friday.
Oliver Knight
Oliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.
