Hodlnaut Is Latest Asian Crypto Lender to Halt Withdrawals

Hodlnaut, a cryptocurrency lender operating in Asia, halted customer withdrawals, making it the latest company in the digital-assets sector to succumb to the recent collapse in token prices.

In a statement on Monday the company announced that it was “halting withdrawals, token swaps and deposits with immediate effect” due to “recent market conditions.” Hodlnaut also said it had withdrawn its license application with Singapore’s central bank.