Tuesday, March 21, 2023
HomeNewsLegalHodlnaut Judicial Managers Say They Face Hurdles in Determining Financial Situation

Hodlnaut Judicial Managers Say They Face Hurdles in Determining Financial Situation


The Singapore-court-appointed managers of Hodlnaut, a crypto lender that froze withdrawals in August, said they are facing significant difficulties in determining an accurate financial position of the company.

  • “Among other reasons, the company’s accounting and financial records have not been properly maintained,” the interim judicial managers (IJM) said in a report to the court and the company’s creditors.
  • The managers also blamed the company’s directors and other employees for preventing access to “various key books and records” of the company.

See more: Crypto Lender Hodlnaut Placed Under Interim Judicial Management by Singapore Court


Article Source

RELATED ARTICLES

TOP CRYPTOCURRENCIES

NamePrice24H (%)
Bitcoin (BTC)
$28,093.00
0.20%
Ethereum (ETH)
$1,764.24
-1.14%
BNB (BNB)
$337.31
0.10%
XRP (XRP)
$0.382647
-1.83%
Solana (SOL)
$22.73
3.52%

Most Popular

Recent Comments