Majority of collectors need Hodlnaut liquidated

Collectors of Singapore-based cryptocurrency lender Hodlnaut have once more expressed their need to liquidate the corporate, which has been underneath judicial administration since August 2022. There is no such thing as a white knight investor on the horizon, interim judicial supervisor (IJM) Aaron Loh Cheng Lee defined in a round updating the case.

A round from the IJMs dated April 25 mentioned customers representing roughly 55.38% of collectors, with claims of 228.3 million Singapore {dollars} (about $170.5 million), have indicated they might favor liquidation over restructuring. No supply of contemporary capital has been discovered, the letter famous, regardless of the founders’ efforts to search out new buyers:

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