Bankrupt Hodlnaut to sell its users
The founders of Singapore lending platform Hodlnaut suggested that selling the company would be a better option for its creditors than liquidating it.
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Like many other platforms, Hodlnaut suffered huge losses – around $190 million – following the Luna/Terra crash.
Hodlnaut founder Simon Lee proposed to sell assets and user base to another interested party to maximize the liquidation value for creditors.
Oh, so you screwed someone over? No worries, just sell off your company and make your debts disappear. Brilliant plan!
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