Posted 11/13/2023, 6:01:00 AM
Crypto Lender Hodlnaut Collapses After $190M Losses in Terra Crash, Ordered to Liquidate and Repay 17,000 Customers
- Crypto lender Hodlnaut ordered to liquidate, repay 17,000 customers
- High Court issued liquidation order following losses of $190M from Terra collapse
- Directors accused of failing to disclose involvement with Terra before crash
- Hodlnaut suspended withdrawals in July, offered high interest rates
- Liquidators appointed to wind up company, uncertain if users will recover funds