Ethereum’s pending transition from Proof-of-Work to Proof-of-Stake can trigger new risks for the troubled crypto lender – Hodlnaut.
As such, sudden price movements in the price of the Ethereum-based tokens could prompt “smart contracts to automatically liquidate the assets,” said the distressed company in the blog post. The court-appointed judicial managers have inquired about the estimated losses from such an unwinding and any preventative steps that can be taken to preserve the value of assets.
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