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Ethereum World News
2022-10-31 13:45:01

Hodlnaut Downplayed $190 Million Loss In Terra’s Crash, Singapore Judicial Managers Report

Hodlnaut Downplayed $190 Million Loss In Terra’s Crash, Singapore Judicial Managers Report

Summary: Crypto lender Hodlnaut did not fully disclose its exposure to Terra’s failed ecosystem, Bloomberg reported. An interim judicial manager appointed by a Singaporean reported that the beleaguered crypto lender lost around $190 million when TerraUSD (UST) crashed in May but attempted to hide the massive loss. The judicial managers stated over 1,000 key records disappeared from the platform’s workspace. Hodlnaut employees are also suspected of cashing out from the platform before customer withdrawals were halted in August due to […]

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