Singapore’s Police Probes Hodlnaut for Potential ‘Cheating and Fraud’ | news

Singapore’s police has initiated an investigation against cryptocurrency lending firm Hodlnaut and its directors for potential cheating and fraud offenses, Bloomberg has learned.

Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world

The police said in a statement that the probe is based on multiple reports alleging “false representations relating to the company’s exposure to a certain digital token,” without naming the asset.

Earlier in November, interim judicial managers found that Hodlnaut suffered a $190 million loss due to the Terra crash. They noted in a report that Hodlnaut’s top management apparently had “downplayed the extent of the group’s exposure” to the Terra crash not only during the period leading up to the crash, but also after it.

Access more than 50 of the world’s financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange

https://forexsites.info

Author of articles on trading and investments, which I have been doing for more than 8 years. Even from your phone, you can open a deal, buy shares, build up capital in assets that will bring dividends even when you stop working. You can't just not think about it.

Comments are closed.