Crypto Lender Hodlnaut Receives Interim Creditor Protection in Singapore

Embattled Singapore-based crypto lending platform, Hodlnaut, has applied for protection in the Singapore High Court to be under creditor protection. Hodlnaut said on Tuesday it has been placed under interim judicial management by the Singapore High Court, after the troubled cryptocurrency lender halted withdrawals. Just Crypto lender Hodlnaut has announced that it has filed for protection against creditors in Singapore in a bid to solve its liquidity issues.

Singapore-based crypto lending firm Hodlnaut was placed under interim judicial management, a form of creditor protection program, by the Singapore court on. In a recent update, Hodlnaut revealed that it had been placed under interim judicial management [IJM]. It should be noted that this is a form of creditor protection.

Cryptocurrency lender Hodlnaut, which recently halted withdrawals, filed an application in Singapore to be placed under a form of creditor protection. The move enables a Embattled Asian crypto lender Hodlnaut, which halted client withdrawals last week, has filed for protection against creditors in Singapore as it works toward resolving its liquidity problems. The crypto lender is now under interim judicial management as it navigates its current challenges in Singapore.