Hodlnaut in trouble? Singapore probes Crypto Lender for Fraud
The state of affairs in the crypto space is worsening with every passing day. On one hand, the FTX saga shows no signs of a conclusion. Regulators, on the other hand, have been opening new investigations against companies from the space. More legal trouble for Hodlnaut In what is the latest development, Singapore ’s police force said that it was investigating Hodlnaut and its directors for potential cheating and fraud offenses. Per Bloomberg, “The probe began Wednesday following multiple reports alleging “false representations relating to the company’s exposure to a certain digital token,” the police said in a statement. “ NEW: Crypto lender Hodlnaut's legal woes intensify after Singapore police begin a probe into possible fraud https://t.co/NjKFcgwlWL — Bloomberg Crypto (@crypto) November 24, 2022 It is worth recalling that Hodlnaut revealed back in August that there were “pending proceedings” betw...