Crypto Firm Hodlnaut Reveals Police Proceedings and Slashes Jobs

Crypto Firm Hodlnaut Reveals Police Proceedings and Slashes Jobs

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Beleaguered cryptocurrency lender Hodlnaut said there are “pending proceedings” between the company and Singapore police and that it has slashed its workforce.

The proceedings also involve the city-state’s attorney-general and it’s unable to disclose any further information on the matter, Hodlnaut said in a statement Friday. The firm has laid off some 40 people, or about 80% of employees, according to the statement. 

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