Crypto lender Hodlnaut freezes services
C
ryptocurrency platform Hodlnaut has announced that deposits, withdrawals and token swaps are to be immediately frozen citing "difficult market conditions".
Founded in 2019, the Singapore based company stated that the decision was token in order to focus on stabilizing liquidity and preserving assets while it works on a long-term solution.
In addition, the company also withdraw an application to the Monetary Authority of Singapore (MAS).
The difficulties experienced by Hodlnaut follow similiar problems encountered by Celsius Network and Voyager Digital.
The company notified all concerned parties that a further update will be published on the 19th August 2022.
Chris
An editor at CoincropChris is a Crop Crop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely assembling lego models.
Related Articles
CoinLoan combine the best of traditional and novel finance helping you borrow, swap and grow your assets.
Compare over 47,145 CeFi and DeFi products across more than 224 organizations here
Related Links