Collectors of Singapore-based cryptocurrency lender Hodlnaut have once more expressed their want to liquidate the corporate, which has been in receivership since August 2022. There is no such thing as a white knight investor on the horizon, defined Performing Judicial Director (IJM) Aaron Loh Cheng Lee in a round updating the report.
A round from the IJM dated April 25 stated customers representing roughly 55.38% of collectors, with claims of S$228.3 million (roughly $170.5 million), indicated that they would favor liquidation to restructuring. No supply of contemporary capital has been discovered, the letter notes, regardless of the founders’ efforts to seek out new buyers:
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