Case summary
What happened
Hodlnaut halted withdrawals during the 2022 crypto credit crisis, sought judicial management in Singapore, disclosed severe balance-sheet stress, and ultimately moved into liquidation rather than a successful restructuring.
Customer result
Customer outcome
Claims ongoing
Hodlnaut was ordered into liquidation after judicial management. Customer recovery remains liquidation-dependent in this seed record and needs direct liquidator-source upgrades.
- Estimated recovery
- unknown liquidation dependent
- Repayment started
- —
- Repayment completed
- —
- Confidence
- Medium
Asset treatment
Terms risk
Platform-owned
CYA uses platform_owned here to capture the documented platform-level asset-use and counterparty exposure. The terms do not by themselves establish one universal insolvency priority, creditor class or recovery percentage for every user and product.
- Affected product
- Hodlnaut interest and yield account balances
- Confidence
- High
Hodlnaut's June 2022 Terms gave the Hodlnaut Group broad rights to hold user digital assets in its own or another name and to pledge, repledge, hypothecate, rehypothecate, sell, lend, transfer, use or invest those assets with attendant rights of ownership, without retaining possession or control of a like amount. Users acknowledged that they might not be able to exercise certain ownership rights over assets used in this way.
Known unknowns
Uncertainty
Liquidation recovery details remain less complete than the platform halt and judicial-management record. Customer outcome should be upgraded with liquidator documents.
Chronology
Historical record
Hodlnaut begins operating
Hodlnaut operated as a Singapore-based crypto lending and interest account platform.
Launch date approximate.
No direct evidence linked to this event yet.
Withdrawals, swaps, and deposits suspended
Hodlnaut suspended withdrawals, token swaps, and deposits, citing market conditions and liquidity issues.
Core platform halt event.
Hodlnaut seeks judicial management
Hodlnaut applied for judicial management in Singapore as it sought protection and restructuring space after suspending withdrawals.
Needs official court-source upgrade.
Hodlnaut placed under interim judicial management
Singapore court protection moved Hodlnaut into judicial-management-related proceedings while the platform remained halted.
Date should be refined with primary source.
No direct evidence linked to this event yet.
Hodlnaut ordered into liquidation
Hodlnaut was ordered into liquidation after judicial-management restructuring failed to restore the platform.
Customer outcome remains liquidation-dependent.
Source record
Evidence dossier
Filter by claim, reliability, source type, and whether evidence is linked to a specific event.
Event
3 sourcesHodlnaut platform halt statement
Hodlnaut · 2022-08-08
Original halt source; archive should be preferred if live page is unavailable.
Hodlnaut judicial management coverage
Reuters · 2022-08-16
Supports judicial-management event.
Hodlnaut liquidation coverage
CoinDesk · 2023-11-10
Supports liquidation / wind-up event.
terms risk
1 sourcesHodlnaut Terms of Use
Hodlnaut · 2022-06-01
First-party terms establish that Hodlnaut could hold user digital assets in its own or another name and pledge, repledge, hypothecate, rehypothecate, sell, lend, transfer, use or invest them with attendant ownership rights without retaining a like amount. This supports direct counterparty and asset-reuse exposure but does not establish a universal insolvency priority or recovery percentage.
No evidence records match the current filters.
Comparative records