Platform dossier
Hodlnaut
Singapore-based crypto lender and interest account platform that suspended withdrawals in August 2022, entered judicial management, and was later ordered into liquidation.
What happened?
Hodlnaut halted withdrawals during the 2022 crypto credit crisis, sought judicial management in Singapore, disclosed severe balance-sheet stress, and ultimately moved into liquidation rather than a successful restructuring.
Customer funds
Hodlnaut was ordered into liquidation after judicial management. Customer recovery remains liquidation-dependent in this seed record and needs direct liquidator-source upgrades.
Terms risk
Use unknown rather than forcing a terms conclusion. The platform halt and liquidation are clear, but product-level asset ownership treatment requires deeper source review.
Uncertainty
Liquidation recovery details remain less complete than the platform halt and judicial-management record. Customer outcome should be upgraded with liquidator documents.
Timeline
Hodlnaut operated as a Singapore-based crypto lending and interest account platform.
Hodlnaut suspended withdrawals, token swaps, and deposits, citing market conditions and liquidity issues.
Hodlnaut applied for judicial management in Singapore as it sought protection and restructuring space after suspending withdrawals.
Singapore court protection moved Hodlnaut into judicial-management-related proceedings while the platform remained halted.
Hodlnaut was ordered into liquidation after judicial-management restructuring failed to restore the platform.
Evidence dossier
Hodlnaut
CoinDesk
CoinDesk