Singapore-Based Crypto Platform Hodlnaut Allegedly Commits Fraud

Hodlnaut and its directors are suspected of cheating and fraud offences, the Singapore Police Force (SPF) said in its press release on Nov. 23.

SPF said they received multiple reports between August and November 2022 alleging that Hodlnaut and its directors had made false representations relating to the company’s exposure to a certain digital token (probably $UST). The police are currently conducting an in-depth investigation into it.