Law enforcement agents in Singapore have reportedly opened an investigation against the troubled crypto lender Hodlnaut.
The police suspect the company’s executives might have cheated users over the years and committed other crimes.
According to a Bloomberg coverage, Singapore’s police force started probing Hodlnaut for its alleged involvement in cheating and fraud offenses. This comes as a result of numerous reports which blamed the firm’s directors for having made “false representations relating to the company’s exposure to a certain digital token.”
(by Dimitar Dzhondzhorov)