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Hodlnaut Had $18M Worth Crypto On FTX Before FTX Freezed Withdrawals

Author: Delma Wilson

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Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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Hodlnaut, a Singapore based firm which was among many firms that succumbed to bear market in May freezed withdrawals in August after it lost $189.7 million. Now, the firm has been hit with another storm after it was revealed that it held $18 million worth of crypto on FTX.

As per Oct 28 reports, the firm’s consolidation accounted for nearly 95% of its assets as $18.1 million is held on FTX exchange which also includes Bitcoin (BTC), Ethereum (ETH) and stablecoins. However, it looks like Hodlnaut withdrew the funds before FTX freezed withdrawals.

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