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Ethereum Upgrade Brings Risks for Ailing Crypto Lender Hodlnaut

  • Hodlnaut warns of asset risks if upgrade stirs volatility
  • Revamp of the Ethereum network is due later this week
The Hodlnaut website

The Hodlnaut website

From

Struggling cryptocurrency lender Hodlnaut warned of risks to its assets if a looming upgrade of the Ethereum blockchain known as the Merge stokes a bout of volatility in virtual coins.

Sharp moves in the prices of tokens linked to the Ethereum network could cause “smart contracts to automatically liquidate the assets,” the company said in a statement released on its blog on Monday.