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The latest Messages 24
2023-11-18 03:41:02
Upbit Temporarily Suspends Withdrawals, Leaving Users in Limbo! -Link
t.me/Binance_Coinbase_Bybit
49.5K views00:41
2023-11-17 21:41:02
Zororium Token Listing on ProBit Global Marks New Chapter For Comic Coin -Link
t.me/Binance_Coinbase_Bybit
45.1K views18:41
2023-11-17 15:41:00
BlackRock files for spot Ethereum ETF with SEC -Link
t.me/Binance_Coinbase_Bybit
42.7K views12:41
2023-11-17 09:41:00
Binance to start crypto exchange in Thailand through joint venture with Gulf Energy -Link
t.me/Binance_Coinbase_Bybit
41.4K views06:41
2023-11-17 03:41:01
Paxos to issue new USD-backed stablecoin in Singapore -Link
t.me/Binance_Coinbase_Bybit
45.1K views00:41
2023-11-16 21:41:00
SEC delays decision over the conversion of the Hashdex Bitcoin futures ETF to spot -Link
t.me/Binance_Coinbase_Bybit
46.5K views18:41
2023-11-16 15:41:01
Cathie Wood Elevates Bitcoin ETF Approval Chances with ARK -Link
t.me/Binance_Coinbase_Bybit
39.5K views12:41
2023-11-16 09:41:01
Immutable zkEVM Testnet Rebuilding Will Launch On November 20th -Link
t.me/Binance_Coinbase_Bybit
42.5K views06:41
2023-11-16 03:41:01
El Salvador Remains in the Red on Bitcoin Holdings, But Losses Are Narrowing -Link
t.me/Binance_Coinbase_Bybit
46.2K views00:41
2023-11-15 21:52:12
Singapore High Court Mandates Hodlnaut Liquidation, Sets Stage for 17,000 Customer Reimbursements
The trouble for Hodlnaut surfaced after the crypto lender paused customer withdrawals in July 2022, blaming worsening market conditions for its plight. Not long after, the firm sought the court’s protection via judicial management, aiming to salvage its operations. Court filings revealed the extent of the financial abyss Hodlnaut faces, with a staggering shortfall of around $193 million, laying bare the vulnerability of crypto lenders to market volatility.
OPNX, whose founding ties to the infamous Three Arrows Capital (3AC) have cast a dubious shadow, proposed a takeover of Hodlnaut, offering $30 million in FLEX tokens. However, Hodlnaut’s interim judicial managers criticized the offer as inadequate, given the tokens’ illiquidity. Hodlnaut was ordered to wind up on November 10, 2023, by Judge Aedit Abdullah over its insolvency. As liquidators take the helm, Hodlnaut faces the complex task of unwinding its operations. According to a circular from EY Corporate Advisors, the process will prioritize transparency and regular updates to creditors.
Source
@DeFi_Updates
33.4K views18:52