Home Cryptocurrency Algorand Foundation declares $35M exposure to troubled cryptocurrency lender Hodlnaut

Algorand Foundation declares $35M exposure to troubled cryptocurrency lender Hodlnaut

by SuperiorInvest

Singaporean company Hodlnaut was one of several crypto companies that succumbed to the pressure of the downturn. She applied to be placed under receivership on August 13, five days after she froze withdrawals. Litigation is a form of debt restructuring that involves an entity managing the business, property and assets of a distressed company. During the process, the company is protected from legal action by third parties.

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