Collapse · August 8, 2022
Hodlnaut halts withdrawals; placed under interim judicial management Aug 30
Price at event
$23,818
Today
$73,594
Since then
×3.1
On August 8, 2022, Singapore-based crypto lender Hodlnaut froze all user withdrawals, citing "market conditions" — the polite term for losses tied to the TerraUSD collapse. It filed for judicial management on August 13 and was placed under interim judicial management by the Singapore High Court on August 30, having already laid off roughly 80% of its staff. The episode extended the 2022 contagion into Asia and gave Singapore's courts an early test of how to wind down a crypto firm.
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