Embattled crypto lender Hodlnaut has been placed under interim judicial management (IJM), according to an August 29 announcement. According to the announcement, the court-appointed Ee Meng Yen Angela and Aaron Loh Cheng Lee, care of EY Corporate Advisors Pte. Ltd., as interim managers for the Singapore-based company. Aaron and Angela combined have over 50 years of experience in corporate recovery and restructuring engagements. According to Singapore legal advice, judicial management is a form of debt restructuring that places the affairs of a financially distressed firm under the management of an individual or entity.
Singapore court places Hodlnaut under judicial management
