Express
Creditors of Troubled Crypto Lender Hodlanut Propose Liquidation of Company
Summary: Several creditors of troubled Singaporean lender Hodlanut have proposed a liquidation of the company instead of a restructuring, according to a court filing by Hodlanut’s judicial managers. The creditors that opposed the restructuring included Samtrade Custodian Limited and Algorand Foundation. These creditors have claims totalling $228 million Singaporean dollars (US$170 million). Creditors initially proposed a ...
Several creditors of troubled Singaporean lender Hodlanut have proposed a liquidation of the company instead of a restructuring, according to a court filing by Hodlanut’s judicial managers.
The creditors that opposed the restructuring included Samtrade Custodian Limited and Algorand Foundation. These creditors have claims totalling $228 million Singaporean dollars (US$170 million).
Creditors initially proposed a liquidation in January. According to Algorand Foundation, the liquidation would maximize Hodlanut's assets for distribution.
Author: Tris Bell
Tags: Algorand Foundation,claims,creditors,Hodlanut,Liquidity,Restructuring,Samtrade Custodian Limited
Link: Creditors of Troubled Crypto Lender Hodlanut Propose Liquidation of Company [Copy]
