Yugocean
Valued Contributor
From August 8, Hodlnot, a popular Singapore-based crypto financial services provider, has suspended its services, including withdrawals.
Many platforms have been shut down since the destruction of the Terra blockchain in May. The US company Celsius was the first, and Three Arrows Capital was the first in Singapore.
Hodlnaut is an important site on which people can earn an interest by investing in crypto. Most of the BAT earned on the well-known Brave browser is withdrawn on Hodlnaut. The announcement by Hodlnaut to stop its operations has also started to affect BAT collectors, requiring them to find an alternative.
Hodlnaut has halted its activities, citing recent market conditions. However, that does not seem to be a recent problem, as the current market situation has been like this for months. According to the company, it will be updating its decision on August 19, so now a lot is going to depend on Hodlnaut's next announcement.
Many platforms have been shut down since the destruction of the Terra blockchain in May. The US company Celsius was the first, and Three Arrows Capital was the first in Singapore.
Hodlnaut is an important site on which people can earn an interest by investing in crypto. Most of the BAT earned on the well-known Brave browser is withdrawn on Hodlnaut. The announcement by Hodlnaut to stop its operations has also started to affect BAT collectors, requiring them to find an alternative.
Hodlnaut has halted its activities, citing recent market conditions. However, that does not seem to be a recent problem, as the current market situation has been like this for months. According to the company, it will be updating its decision on August 19, so now a lot is going to depend on Hodlnaut's next announcement.
