Crypto lender Hodlnaut seeks to restructure under judicial management

Hodlnaut, a Singapore-based cryptocurrency lender and borrower, said on Tuesday it filed an application to be placed under judicial management as it looks to restructure its business.

The crypto company, which last week suspended withdrawals, swaps and deposits, said it filed the petition with the Singapore High Court.

Hodlnaut is the latest to feel the heat of a sharp selloff in crypto assets that started in May with the collapse of two paired tokens, Luna and TerraUSD.