Bitcoin 
Beleaguered cryptocurrency lender Hodlnaut said there are “pending proceedings” between the company and Singapore police and that it has slashed its workforce.
The proceedings also involve the city-state’s attorney-general and it’s unable to disclose any further information on the matter, Hodlnautsaid in a statement Friday. The firm has laid off some 40 people, or about 80% of employees, according to the statement.
