Singapore Police Probe Hodlnaut for ‘Doable Dishonest and

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

Between August and November, the police acquired “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 probably refers to Terra’s now-collapsed USTC, previously often called UST, an algorithmic dollar-pegged stablecoin that quickly depegged again in Could. Decrypt reached out to Singapore’s CAD and Hodlnaut to substantiate this, however didn’t…

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