Cryptocurrency lending platform Hodlnaut has filed an application with the Singapore High Court for creditor protection. This will put the company under judicial management which will help them avoid liquidating customer assets at a loss.
An announcement on Hodlnaut’s website says the application was filed on Aug. 13, five days after the company froze withdrawals. The application will temporarily safeguard the lender from any legal claims.
Read more: https://www.coindesk.com/business/2022/08/16/crypto-lender-hodlnaut-applies-for-creditor-protection-in-singapore/