Crypto Firm Hodlnaut Reveals Police Proceedings and Slashes Jobs

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. 

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