Cryptocurrency Lender Hodlanut Allegedly Found Potential Buyers
Popular cryptocurrency lending company Hodlnaut is reportedly negotiating the sale of its business and other assets with several potential investors in line.
Currently, Hodlnaut’s interim judicial managers are in the process of negotiating NDAs with potential investors.
An NDA (non-disclosure agreement) is a legally binding contract establishing a confidential relationship in which the parties agree that sensitive information they may obtain will not be disclosed to any other.
According to a Bloomberg report, a number of interested parties have inquired about purchasing Hodlnaut and its claims against the defunct cryptocurrency exchange FTX.
The troubled crypto lender owed around $160 million to companies and entities. Among that list are well-known names such as Algorand Foundation, Samtrade Custodian, S.A.M. Fintech, and Jean-Marc Tremeaux, as of 9 December 2022.
Data shows that Hodlnaut held 514 Bitcoin (BTC), 1,395 Ether (ETH), 280,348 USD Coin (USDC), and 1,001 FTT on the bankrupt cryptocurrency exchange FTX.
The company was forced into insolvency after the 2022 bear market and the following liquidity crisis.
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A Singapore court allowed Hodlanut to organize a restructure of its business after freezing withdrawals back in August 2022.
The company’s creditors reportedly demanded immediate liquidation and distribution of remaining assets among them in order to maximize the remaining value.
Hodlnaut wasn’t the only crypto lender that fell victim to the harsh crypto winter – industry giants such as Celsius Network, BlockFi, Genesis, Vauld also came across serious financial troubles, which led to bankruptcy.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
