Hodlnaut, which halted withdrawals in August and was granted protection from creditors, didn’t immediately reply to requests for comment. The court-appointed interim judicial managers for Hodlnaut declined to comment.
Singapore’s police force said it’s investigating Hodlnaut Pte and its directors for potential cheating and fraud offenses, adding to the legal perils faced by the beleaguered cryptocurrency lender.
The probe began Wednesday following multiple reports alleging “false representations relating to the company’s exposure to a certain digital token,” the police said in a statement.
