Potential patrons seeking to buy Hodlnaut and its FTX claims

by Jeremy

Potential patrons are fascinated with buying embattled crypto lender Hodlnaut and its claims in opposition to defunct crypto change FTX, Bloomberg reported on Feb. 6. citing affidavits.

The paperwork be aware that completely different events are “fascinated with buying” Singapore-based Hodlnaut and have contacted the interim judicial managers of the agency. Hodlnaut filed for defense from collectors in August 2022, shortly after it halted buyer withdrawals.

The report famous that the judicial managers want to enter into non-disclosure agreements with the potential patrons. The affidavit additionally confirmed that Hodlnaut owes collectors a complete of $160.3 million.

A November 2022 submitting indicated that 72% of the belongings Hodlnaut deployed on centralized exchanges had been on FTX and valued at $14 million.

In the meantime, Hodlnaut collectors turned down a proposed restructuring plan in January and stated they most well-liked to liquidate the collapsed agency as an alternative.

The submit Potential patrons seeking to buy Hodlnaut and its FTX claims appeared first on CryptoSlate.

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