A judicial report has reportedly revealed that crypto lender Hodlnaut lost around $189.7m due to its exposure to the Terra crash. According to Bloomberg, the report, penned by interim judicial managers appointed by the Singapore High Court, alleged that Hodlnaut’s directors “downplayed the extent of the group’s exposure to Terra/Luna both during the period leading up to and following the Terra/Luna collapse in May 2022”. The Singapore-based firm, founded in 2019, joins the likes of Celsius, Voyager Digital, and Three Arrows Capital, who were also devastated by exposure to the Te ...
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