Crash of cryptocurrencies: routed, Hodlnaut lays off 80% of its workforce

Things seem to be going from bad to worse on the side of Hodlnaut : the firm specializing in collateralized loans in cryptocurrenciesbased at Singapore, had started by announcing in early August that it was suspending deposits and withdrawals, but also trading. Today, in a statement to its community, the company takes stock of its difficulties, and they seem inextricable: according to CoinDesk, the group placed under bankruptcy protection was forced to lay off nearly of 40 people (a trifle of 80% of its workforce) and would be under extensive investigation by Singaporean law enforcement.

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