Hodlnaut leans towards liquidation.
The creditors believe restructuring plans are of no help and it is in their best interest to wind down and liquidate the firm’s remaining assets. Algorand Foundation, one of Hodlnaut’s key creditors, called for immediate liquidation and distribution of remaining assets among creditors to maximize the remaining value.suspended withdrawals, citing volatile market conditions
and a lack of liquidity. However, it was later revealed that the crypto lender downplayed its exposure to the collapsed Terra ecosystem and lost nearly $190 million. The executives later deleted thousands of documents related to their investments to hide their exposure.
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