Hodlnaut works with potential buyers to sell firm and FTX claims: Report
Hodlnaut’s court-appointed judicial managers are reportedly in the process of signing non-disclosure agreements with the potential buyers. Troubled cryptocurrency Lending firm Hodlnaut is reportedly working with several potential investors to sell its Business and other assets. A number of potential buyers have inquired about purchasing Hodlnaut and its claims against the collapsed crypto exchange FTX, Bloomberg reported on Feb. 6. Hodlnaut’s interim judicial managers have received multiple proposals to acquire its Singapore-based crypto business after the company sought protection from creditors. Citing an affidavit, the report notes that the judicial managers are now in the process of signing non-disclosure agreements with the potential investors. The affidavit reportedly indicated that as of Dec. 9, Hodlnaut Group owed a total of $160.3 million — or 62% of outstanding debt — to companies and entities like Algorand Foundation, Samtrade Custodian, S.A.M. Fintech and Jean-Marc T...