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INSANE: Another singapore crypto firm in trouble | Vintage Vibes

Hodlnaut Singapore Crypto Zipmex Police Celsius

(Reuters File Photo)

SINGAPORE: The beleaguered cryptocurrency lender Hodlnaut says it is the subject of “pending proceedings” involving Singapore police and that it has slashed its workforce.

The proceedings also involve the Singapore attorney-general and the firm is unable to disclose any further information on the matter, Hodlnaut said in a statement on Friday. The firm has laid off 40 people, or about 80% of employees, according to the statement.

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