Hodlnaut fires 80% of its Staff

Hodlnaut fires 80% of its Staff

Beleaguered crypto lender Hodlnaut has stayed true to its promise, and has been repeatedly updating its customers about its state of affairs. In a weblog posted at the moment, the corporate knowledgeable customers that it has fired 80% (about 40 folks) of its employees.

The firm is at present solely retaining workers that are essential to ‘carry out key functions’.

Hodlnaut will even minimize down rates of interest to 0% APR from August 22 in an try to stabilize their liquidity and minimize prices.

The firm’s founders are in Singapore and ‘working hard on a recovery plan’.

The firm can also be engaged in “proceedings” with Singaporean authorities. Hodlnaut’s subsequent listening to in courtroom about being positioned underneath Interim Judicial Management can be on August 22.

Hodlnaut froze customers’ belongings early in August and is at present searching for authorities safety from collectors. It has requested customers to anticipate the following replace on August 23.

Compiled by Coinbold

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