Several potential buyers immediately became interested in the crypto-lender Hodlnaut. Buyers are interested in buying out the creditor’s legal claims against the bankrupt FTX crypto exchange.
Who is specifically interested in buying, has not yet been disclosed. However, it is known that the buyers have already contacted the company’s court administrators, who were appointed by the court to oversee the company and restructure it.
In August, Hodlnaut suspended withdrawals, crypto asset exchanges and deposits, saying it needed to focus on stabilizing liquidity. The law enforcement agencies of Singapore engaged in checking the company – the police suspect the company of fraud and deception of users.
Last month, Hodlnaut’s creditors rejected a proposal to restructure the company and suggested it was in their best interest to close the firm.
The court administrators are in the process of signing a non-disclosure agreement with potential investors. The sworn statement states that as of Dec. 9, Hodlnaut Group owed the Algorand Foundation, Samtrade Custodian, SAM Fintech and Jean-Marc Tremeaux a total of $160 million, or 62% of outstanding debt.
Earlier, the chairman of the Monetary Authority of Singapore (MAS), Tharman Shanmugaratnam, said that regulating the crypto industry by analogy with traditional finance may not be the best idea.
Source: Bits
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