The firm with operations in Singapore has suspended withdrawal of token swaps and deposits with immediate effect, according to a company statement posted on it website.
- It has also withdrawn its licence application with the Monetary Authority of Singapore, Hodlnaut said in the statement on Monday
- The firm will focus on “stabilising our liquidity and preserving assets,” it added in the statement
- NOTE: Hodlnaut is the latest among several crypto firms to halt withdrawals
- READ MORE:
The Collapse of Three Arrows Capital Became a Crypto Contagion
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