Crypto Lender Hodlnaut Lost Nearly $190 Million in TerraUSD Drop
- Judicial report says firm downplayed ‘exposure to Terra/Luna’
- Hodlnaut was among the platforms damaged by 2022’s crypto rout
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Embattled cryptocurrency lender Hodlnaut downplayed its exposure to the collapsed digital-token ecosystem created by fugitive Do Kwon yet suffered a near $190 million loss from the wipeout.
The loss is among the findings of an interim judicial managers’ report seen by Bloomberg News. It is the first such report since a Singapore court in August granted Hodlnaut protection from creditors to come up with a recovery plan.