Creditors of Singapore-based cryptocurrency platform Hodlnaut want the company to go bankrupt, not restructured.
According to a report by Bloomberg, Hodlnaut’s creditors are likely to against the restructuring plan out and the company liquidation wanted. In the statement put forward by the creditors, the liquidation of the company will serve their own interests better. specified.
According to the restructuring plan, which was on the agenda before, the executives who were in charge of the company at the time of the bankruptcy would be allowed to continue in management. But this situation will be made to the creditors can reduce payments and can delay There was a clear objection from the interested parties.
one of Hodlnaut’s most important creditors. Algorand Foundationcalled for immediate liquidation and the distribution of remaining assets among creditors to maximize residual value.
In the official statement made by the Hodlnaut company on August 8, due to “latest market conditions”, all withdrawals, token trading and deposits announced that it was discontinued. According to the documents that emerged after these statements, the company actually terra (LUNA) It was noticed that it was seriously damaged from the collapse and this material damage was approximately 190 million dollars was declared.
A final blow to the Hodlnaut team, which has been trying to get rid of the rubble for a while SingaporeIt had come from. In a November statement, the Singapore-based cryptocurrency platform and its executives for fraud and fraud was to be investigated in detail.