Hodlnaut Heads Into Liquidation After Creditors Reject Restructuring Plan
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Hodlnaut headed for liquidation after Singapore court orders winding up and appoints liquidators.
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Hodlnaut froze users' funds in August 2022 due to market conditions and loss from Terra and FTX collapse.
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Had over 17,000 creditors, including major institutions like Algorand Foundation.
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Attempted restructuring rejected by creditors, who voted for liquidation.
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Buyout offer of $30 million in FLEX tokens from OPNX rejected after FLEX lost 90% of value.