Singapore Police Investigating Crypto Platform Hodlnaut for Fraud

Singapore Police Investigating Crypto Platform Hodlnaut for Fraud

Singapore police are investigating local cryptocurrency lending and borrowing platform, Hodlnaut, and its directors for alleged cheating and fraud. According to the official press release of Singapore police, the investigation came following multiple reports of allegations of false representations by the troubled crypto exchange. "Between August and November 2022, the Police received multiple reports alleging that Hodlnaut and/or its directors had made false representations relating to the company's exposure to a certain digital token. Arising from these police reports, the …