Home Technology Singapore-based crypto lender Hodlnaut suspends withdrawals

Singapore-based crypto lender Hodlnaut suspends withdrawals

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Singapore-based crypto lender Hodlnaut suspends withdrawals

Representations of the virtual currencies Ripple, Bitcoin, Etherum and Litecoin are seen on a PC motherboard in this illustrative image, February 14, 2018. REUTERS/Dado Ruvic/Illustration/File Photo

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HONG KONG, Aug 8 (Reuters) – Hodlnaut, a Singapore-based cryptocurrency lender and borrower, has suspended withdrawals, exchanges and deposits, the company said on Monday, in the latest sign of tension in the crypto industry. -change.

Hodlnaut said the move was “due to recent market conditions” and should “focus on stabilizing our liquidity and preserving assets.”

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Reporting by Alun John; Editing by Toby Chopra

Our standards: The Thomson Reuters Trust Principles.

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