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Hodlnaut Is Latest Asian Crypto Lender to Halt Withdrawals

  • Set up in 2019, firm has offices in Singapore and Hong Kong
  • Joins other lenders including Babel, Vauld to freeze accounts
A cryptocurrency automated teller machine.
A cryptocurrency automated teller machine.Photographer: Paul Yeung/Bloomberg
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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 Hodlnaut also said it had withdrawn its license application with Singapore’s central bank.