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Singapore-based crypto lender Hodlnaut is reportedly facing a police probe over alleged offenses of cheating and fraud.According to reports published in local media, the police’s commercial affairs department has launched an investigation into the founders of the exchange based on multiple complaints against the platform between August and November 2022.
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The police are reportedly looking into allegations of cheating and fraud by the company and its directors. Original Source
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The Monetary Authority of Singapore (MAS), the country’s central bank, released a statement Nov. 21 to address “some questions and misconceptions that have arisen in the wake of the FTX.com (FTX) debacle.” The first point MAS wanted to make was that it could not protect local users from the fallout from
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The company has been in talks with existing lender Bifinity and other potential investors to raise capital, but has not been successful. Original Source
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The Singapore Police Force has warned investors to be weary of fake websites claiming they can help them recover funds from the now-bankrupt cryptocurrency exchange FTX. On Nov. 19, the police issued a warning about a website claiming to be hosted by the United States Department of Justice that prompts FTX
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Singapore government’s Temasek has written down the full value of its $275 million investment in the bankrupt crypto exchange FTX. “Our belief in the actions, judgment, and leadership of Sam Bankman-Fried … would appear to have been misplaced,” Temasek admitted. Temasek’s Investments in FTX Now Worth $0 The Singapore government’s Temasek Holdings
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The planned hiring push in Singapore suggests Paxos is bucking the wider digital asset industry trend of headcount cuts in response to the past several months' crypto market slump. Some 11,700 crypto jobs had been lost since the beginning of April, according to CryptoX estimates, based on media reports and
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The license from the Monetary Authority of Singapore will allow Hashkey Capital's local arm to conduct fund management services. Original Source
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Speakers at Singapore’s annual fintech festival have expressed a consensus view that, following the blowout in digital asset markets this year, the blockchain industry is not so much in a state of shock as a period of intense development that will make and break businesses as it emerges from the
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