On August 8, the crypto exchange and lending platform Hodlnaut announced that the company has paused withdrawals, token swaps, and deposits. Hodlnaut joins a slew of crypto firms that have frozen withdrawals during the last three months, leaving customers little hope that they will see their funds again. Well before Hodlnaut’s withdrawal pause, the Terra whistleblower called Fatman warned people about Hodlnaut’s alleged issues.
Another Crypto Platform Freezes Operations Citing Recent Market Conditions
Another crypto exchange and lending platform, called Hodlnaut, has revealed it has suspended all operations including withdrawals, token swaps, and deposits. “Dear users, we regret to inform you that we will be halting withdrawals, token swaps, and deposits immediately due to recent market conditions,” the company tweeted on Monday. We have also withdrawn our MAS license application. Here is our full statement — Our next update will be on [August 19],” Hodlnaut added.
Of course, the...
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