Cryptocurrency News
Hodlnaut creditors reject the restructuring plan, prefer liquidation
The Singapore-based troubled crypto lender is looking at a possible liquidation as the firm’s creditors have rejected the proposed restructuring plan and seek liquidation of the platform’s assets.
The group of creditors rejected a restructuring plan offer allowing the current directors to oversee the firm’s operations during the restructuring phase. However, a Jan. 12 hearing rejected an application to remove the interim judicial managers, reported Bloomberg.
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