Terra collapse costed crypto lender Hodlnaut ~$190 million
This year has typically been characterized by crypto companies halting customer withdrawals. When the community was dealing with the downfall of crypto lenders like Three Arrows Capital and others, Hodlnaut—a Singapore based start-up— suspended withdrawals and deposits in August citing market conditions. After that, the company filed for creditor protection and a few days later, a Singapore court green-flagged the same. Read More: Crypto: Hodlnaut receives interim creditor protection in Singapore Now, per the latest revelation, the crypto lender lost roughly $190 million in the Terra ecosystem collapse that unfurled earlier this year. JUST IN: #Crypto lender Hodlnaut lost $190 million in the Terra collapse, Bloomberg reports. — Watcher.Guru (@WatcherGuru) October 31, 2022 First report to court, Hodlnaut creditors submitted The Interim Judicial Managers revealed in their first report to the court and the company’s creditors, ...