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Hodlnaut seeks creditor protection in Singapore to stay legal claims and proceedings



Time:8/16/2022 12:28:49 PM

[Hodlnaut seeks creditor protection in Singapore to suspend legal claims and proceedings] According to news on August 16, according to foreign media reports, the encrypted lending platform Hodlnaut submitted an application to the High Court in Singapore, seeking creditor protection, making legal claims and The legal proceedings were able to be temporarily suspended, avoiding the forced sale of tokens at a low price, so that the financial situation can be stabilized and the restructuring and recovery plan can be focused. As previously reported, on August 8 Hodlnaut announced the suspension of trading, saying it was working on a restructuring and recovery plan. (Bloomberg)

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