Overview

Click to expand overview
Los fundadores del problemático prestamista de criptomonedas Hodlnaut están intentando salvar el negocio a pesar de que los acreedores insisten en su liquidación. The founders of the beleaguered crypto lending protocol Hodlnaut are considering selling the business rather than putting it into liquidation. Simon Lee and Zhu On Feb. 28, Hodlnaut’s interim judicial managers released the sixth affidavit of Hodlnaut co-founder Simon Lee, reportedly stating the company’s founders proposed On February 28, the temporary judicial managers of Hodlnaut released the sixth affidavit of co-founder Simon Lee, in which the founder proposed selling the business as Hodlnaut’s interim judicial managers released an affidavit from Hodlnaut co-founder Simon Lee in which he stated the company’s founders proposed selling the firm instead of liquidating it. Lee Hodlnaut founders believe selling is a viable option. According to the affidavit, Saimon Lee and co-founder Zhu Juntao have contacted multiple potential investors for the The founders of Singapore-based crypto lender Hodlnaut Pte proposed selling the business as a better option for creditors than liquidating the embattled firm.

Hodlnaut Founders Explore Selling Instead of Liquidation: A Last-Ditch Effort to Save the Business

The founders of the beleaguered crypto lending protocol Hodlnaut are considering selling the business rather than putting it into liquidation. This move comes as creditors reportedly insist on liquidation. Can a sale rescue the Singapore-based crypto lender?

Hodlnaut's Founders: A Proposal for Sale

According to an affidavit released by Hodlnaut’s interim judicial managers, Hodlnaut co-founder Simon Lee stated the company’s founders proposed selling the firm instead of liquidating it. On February 28, the temporary judicial managers of Hodlnaut released the sixth affidavit of co-founder Simon Lee, in which the founder proposed selling the business. The affidavit details the efforts of Saimon Lee and co-founder Zhu Juntao, who have contacted multiple potential investors for the business. The founders of Singapore-based crypto lender Hodlnaut Pte proposed selling the business as a better option for creditors than liquidating the embattled firm.

Why Selling Instead of Liquidating?

Lee Hodlnaut founders believe selling is a viable option that could potentially offer creditors a better return than a complete liquidation of the company's assets. The founders of the problemático prestamista de criptomonedas Hodlnaut están intentando salvar el negocio a pesar de que los acreedores insisten en su liquidación. Feb. 28, Hodlnaut’s interim judicial managers released the sixth affidavit of Hodlnaut co-founder Simon Lee, reportedly stating the company’s founders proposed On February 28, the temporary judicial managers of Hodlnaut released the sixth affidavit of co-founder Simon Lee, in which the founder proposed selling the business as Hodlnaut’s interim judicial managers released an affidavit from Hodlnaut co-founder Simon Lee in which he stated the company’s founders proposed selling the firm instead of liquidating it. Simon Lee and Zhu On Feb. 28, Hodlnaut’s interim judicial managers released the sixth affidavit of Hodlnaut co-founder Simon Lee, reportedly stating the company’s founders proposed selling is a viable option.

What's Next for Hodlnaut?

The future of Hodlnaut remains uncertain. The decision ultimately rests with the creditors and the judicial managers. Will they agree that selling the business is the best course of action, or will liquidation be the inevitable outcome?

Top Sources

Related Articles