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According to Singaporean media, the city-state's police are investigating the Hodlnaut credit service in responseto numerous customer complaints.
It is reported that the police are studying the company's papers and will question the management of the service.Police suspect Hodlnaut of fraud and deceiving users.that the company provided false reporting and reported false data about investments in certain tokens.
The police called on all affected activities of the service to file a complaint and provide documents about transactions on the platform.
Recall that the Hodlnaut company suspended
Withdrawals and deposits were accepted back in August, citing liquidity problems.The platform's problems are related to investments in the UST stablecoin of the collapsed Terra ecosystem, although the management stated that there was no investment in the ecosystem.The company lost $190 million and it seems that the management tried to rectify the situation, but it was not possible to do so.
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