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