# Hodlnaut İlgili Makaleler

4 Years After Terra’s Collapse, Hodlnaut’s Former CEO Faces Fraud Charges In Singapore Court

Zhu Juntao, co-founder and former CEO of the defunct Singapore crypto lender Hodlnaut, has been charged with fraud by false representation in a Singapore court. The charges relate to alleged misleading statements made to users in mid-2022, claiming the platform had no exposure or losses from the Terra (UST) collapse. Investigations later revealed Hodlnaut lost nearly $190 million from Terra, contributing to a $193 million shortfall that led to its liquidation. Zhu pleaded not guilty to all six charges, which carry potential imprisonment of up to 20 years. His case highlights ongoing legal accountability efforts stemming from the 2022 crypto market contagion.

bitcoinist05/26 13:09