Wrapping and Unwrapping of Bitcoin with Hodlnaut
SINGAPORE, July 12, 2021 – Hodlnaut is thrilled to announce the support for wrapping and unwrapping Bitcoin on its platform. With Hodlnaut’s Token Swap feature, users can get instant access to WBTC without sourcing a wrapping merchant. The platform enables seamless swapping of Bitcoin to Wrapped Bitcoin and vice-versa for a clean price without any […]
Related News
Troubled Crypto lender Hodlnaut has laid off 80% of its employees and filed for judicial intervention in Singapore in a bid to decrease costs and stay afloat. On Friday, Hodlnaut, which offers cryptocurrency investment options in approved institutions with interest, disclosed liquidity issues. Hodlnaut confirmed that it ended the employment of approximately 40 individuals “to cut corporate […]
On August 8, the crypto exchange and lending platform Hodlnaut announced that the company has paused withdrawals, token swaps, and deposits. Hodlnaut joins a slew of crypto firms that have frozen withdrawals during the last three months, leaving customers little hope that they will see their funds again. Well before Hodlnaut’s withdrawal pause, the Terra whistleblower called Fatman warned people about Hodlnaut’s alleged issues.
Another Crypto Platform Freezes Operations Citing Recent Market Conditions
Another crypto exchange and lending platform, called Hodlnaut,....
Hodlnaut stopped offering exchange services on its platform on Monday, citing liquidity crisis and the need to discuss a recovery strategy with a legal advisory firm as the industry battles to survive in the wake of a collapse in the price of cryptocurrencies. Hodlnaut Latest To Halt Withdrawals Hodlnaut, a Singapore-based lending platform for crypto […]
Hodlnaut is one of the latest companies struggling with insolvency issues. The crypto winter of the year gave a terrible blow to several crypto-related firms and service providers. Some tried different approaches that could cut down their expenses. This led some companies to lay off some employees to lower their costs per head. Hodlnaut, the […]
Eight days ago, the crypto lender Hodlnaut announced that the platform was suspending withdrawals after citing volatile market conditions. This week the company says it is seeking judicial management that aims to “provide the best chance of recovery.”
Hodlnaut Updates Customers — Crypto Lender Asks Singapore High Court for Judicial Management
The crypto lender Hodlnaut is looking for help from the courts so the platform can “avoid a forced liquidation” of the company’s assets. Last week on August 8, 2022, the crypto startup paused....