Singapore Police Probe Hodlnaut for ‘Potential

Singapore’s white-collar crime investigation unit, the Business Affairs Division (CAD), on Wednesday, launched a probe into troubled crypto lender Hodlnaut for “attainable dishonest and fraud,” based on an official assertion

Between August and November, the police obtained “a number of studies” that Hodlnaut and its administrators had made “false representations” concerning the lender’s publicity to “a sure digital token.” 

The unnamed token possible refers to Terra’s now-collapsed USTC, previously referred to as UST, an algorithmic dollar-pegged stablecoin that quickly depegged again in Might. Decrypt reached out to Singapore’s CAD and Hodlnaut to substantiate this, however didn’t…

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