Crypto Lender Hodlnaut Faces Liquidation After Halting Withdrawals Amid $500M AUM Crisis

The crypto world is reeling from news surrounding Hodlnaut, a Singapore-based cryptocurrency lending platform that has halted withdrawals, deposits, and token swaps. This dramatic move, affecting a platform with $500 million in Assets Under Management (AUM), raises serious questions about the stability of the crypto lending sector. Hodlnaut revealed that it has ceased withdrawals and deposits on its platform until normalcy returns.

The initial suspension, occurring on August, was attributed to "prevailing market conditions." On Aug, Hodlnaut suspended deposits and withdrawals, a move attributed to the prevailing market conditions. This decision coincided with the withdrawal its licensing.

Hodlnaut, a Singapore-based crypto lender, Monday said it has suspended withdrawals, token swaps and deposits with immediate effect due to recent market conditions Hodlnaut, a Singapore-based platform for lending cryptocurrencies, announced that it has halted all transfers, swaps, and withdrawals due to “recent market Amid bearish market sentiments, Singapore-based cryptocurrency lending platform Hodlnaut on Monday announced the halting of withdrawals citing liquidity constraints.

The situation has now taken a critical turn. The Singapore High Court has ordered cryptocurrency lending platform Hodlnaut to undergo liquidation, as stated in a court document dated November 10. The court Crypto lending platform Hodlnaut has halted withdrawals in an apparent liquidity crisis. The firm cited recent market conditions for the move and said that it needs to

Investors are understandably concerned about the fate of their funds and the broader implications for the future of crypto lending. This developing story will be updated as more information becomes available.