The founder of Hodlnaut, a beleaguered digital money lender, is trying to rescue the company, even though creditors persevere and demand settlement.
On February 28th the interim justice chief of Hodlnaut released a sixth affidavit from Simon Lee, co-founder of Hodlnaut, who reportedly recommended the sale of the company as the best choice for creditors over clearing houses.
According to Bloomberg News, Kai-Fu Lee indicated that he and Zhu Juntao, another co-founder of Hodlnaut, had already contacted a number of "hidden white knight investors."
According to reports, Lee wrote that the co-founders of Hodlnaut firmly believe that the company's user base "can be acquired and landed on the investor's platform with or with digital assets." He claimed that the sale of commercial services would lead to a "greater value" of creditors.
The affidavit further strictly implements Hodlnaut's idea of selling the company, as the company works with a number of potential investors to sell its business and other property. It is reported that by early February, some potential customers had asked about the recovery of Hodlnaut and the settlement of claims for bankruptcy and login to the password trading center FTX.
Earlier, key Hodlnaut creditors, including the Al Goran Charitable Foundation, rejected a proposal for a restructuring plan in January that allowed serving executive directors to oversee the company's operations during the restructuring process. The creditors made up lies, the restructuring did not help, and the remaining property of the clearing house was in his best interest.
As of December 2022, Hodlnaut Group owed Algoran, Samtrade Custodian, S.A.M. Companies such as Internet Finance and Jean-Marc Tremeaux have liabilities of $160.3 million, or 62 per cent of outstanding debt.
Hodlnaut, once the main login password borrowing platform, was temporarily unable to get through in August 2022 because of the liquidity drying up triggered by the stock market bear market in 2022. Hodlnaut's project has further suffered significant open damage to the collapsed FTX trading center, which has a login password trading center that exceeds 500BTC (BTC) stranded Sam Bankman-Fry.
The news came as Voyager Digital, another desperate login password lender, announced on February 28th that the customer network voted in favor of the restructuring of Binance's US business process, Binance.US. In December 2022, Binance.US announced an agreement to recover Voyager assets for $1.02 billion.
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Tue, 18 Apr 2023