Police also advised investors impacted by the Hodlnaut crisis to file a complaint online and submit verifiable documents of their transaction histories on the platform.
Neither the Singapore police nor Hodlnaut immediately responded to Cointelegraph's requests for comment.withdrawals on the platform citing a liquidity crisis . The suspension of withdrawals came just months after the infamous crypto contagion in the second quarter led by the implosion of the Terra ecosystem.
At the time, the platform claimed they had no exposure to the now-defunct algorithmic Terra stablecoin now called TerraUSD Classic . However, on-chain data contradicted crypto lenders’ claims and suggested they held at least $150 million in USTC.in October. The report noted that the crypto lender lost nearly $190 million to the Terra collapse and later deleted thousands of documents related to their investments in order to hide their exposure.
In August, the crypto lender had said it was working on a restructuring plan with hopes of resuming operations soon.
Source: News Formal (newsformal.com)
When will they leave Singapore alone? These poor fellows don't know where to go
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