Cryptocurrency The sharp declines and developments in the market caused both investors to lose and some companies in the sector to face risks.
In this context, many cryptocurrency The company experienced liquidity problems and announced that it has stopped withdrawals.
One of the leading names in the industry Celsius, BlockFi, Voyager He also announced that he had stopped filming. They later filed for bankruptcy.
In this context, finally, the crypto money loan platform Hodlnautannounced that it has stopped withdrawals, citing the liquidity crisis in the sector.
Hodlnaut said that the company will focus on stabilizing its liquidity and protecting assets. cryptocurrency He also stated that he has stopped trading and depositing transactions.
“Stopping withdrawals and token swaps was a necessary step to stabilize our liquidity.
It gave us time to work closely with our legal advisors to find the best possible configuration and recovery plan for our users.”
Hodlnaut also revealed that he is working on a bailout plan with Singapore law firm Damodara Ong LLC.
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