Aug 16 (Reuters) – Hodlnaut, a Singapore-based crypto currency lender and 코인거래소 borrower, said on Tuesday it filed an application to be placed under judicial management as it looks to restructure its business.
The crypto company, which last week suspended withdrawals, swaps and deposits, said it filed the petition with the Singapore High Court.
Hodlnaut is the latest to feel the heat of a sharp selloff in crypto assets that started in May with the collapse of two paired tokens, Luna and TerraUSD.
Singapore, a major centre website for 코인거래소 crypto and 코인거래소 blockchain in Asia, has been shaken since the July collapse of cryptocurrency hedge fund Three Arrows Capital.(Reporting by Mrinmay Dey in Bengaluru; Editing by Sriraj Kalluvila)