Singapore Probes Crypto Exchange Hodlnaut For Fraud

Reports have it that Singapore police have launched an investigation into troubled crypto exchange Holdnaut on grounds of suspected cheating and fraud by the company and its directors.

Holdnaut was one of many crypto firms that were hit by the crypto winter earlier this year.

Worse, the exchange has over SGD 18.3 million ($13.3 million) worth of crypto stuck in the defunct exchange FTX.

Holdnaut also lost close to $189.7 million due to the collapse of the Terra ecosystem.

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