Potential investors are inquiring about the acquisition of struggling Singapore-based crypto lender Hodlnaut.
Hodlnaut’s interim judicial managers have received inquiries from «various parties» that are interested in acquiring the Singapore-based crypto lender, according to a «Bloomberg» report citing an affidavit. The managers are in the process of signing non-disclosure agreements with potential buyers.
The document indicates that Hodlnaut owed a combined $160.3 million, or 62 percent of outstanding debt, to Algorand Foundation, Samtrade Custodian, SAM Fintech and Jean-Marc Tremeaux.
FTX Claims
The potential buyers also inquired about claims related to Sam Bankman-Fried's FTX. According to a November filing, the fallen crypto exchange accounted for 72 percent of the digital assets that Hodlnaut deployed on centralized exchanges with an estimated market value of $13.3 million.
In August 2022, Hodlnaut halted withdrawals and just last month, the crypto lender’s creditors rejected a proposed restructuring plan in favor of liquidation.
