Singapore-based crypto lender Hodlnaut suspends withdrawals

📆 8/8/2022 3:48 PM
📰 ChannelNewsAsia

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HONG KONG: Hodlnaut, a Singapore-based crypto currency lender and borrower, has suspended withdrawals, swaps and deposits, the company said on Monday (Aug 8), the latest sign of stress in the cryptocurrency industry. The crypto lender also said it would withdraw its application for a licence from the Monet

HONG KONG: Hodlnaut, a Singapore-based crypto currency lender and borrower, has suspended withdrawals, swaps and deposits, the company said on Monday , the latest sign of stress in the cryptocurrency industry.

Hodlnaut said the move was"due to recent market conditions" and was"to focus on stabilising our liquidity and preserving assets".

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