The Algorand Foundation is among several creditors of troubled crypto exchange Hodlnaut that oppose a restructuring, according to a recent court filing. Reporting by oknightcrypto.
The creditors that oppose a restructuring include Samtrade Custodian Limited, which is currently in liquidation, and the Algorand Foundation. These creditors have claims worth $228 million Singaporean dollars .
The announcement published by Hodlanut's judicial manager states that there is"no white knight investor" for the lender, leading to an absence of fresh capital., with the Algorand Foundation stating in a court filing that liquidation would"maximize the company's remaining assets available for distribution."The Algorand token is currently trading at $0.18 having dropped by 3.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chicago Public Library Foundation Receives $2M Grant for Archiving Black HistoryThe Chicago Public Library received a $2 million grant from the Mellon Foundation to digitize and archive materials related to the city’s Black history, including items dating from the 1800s to the present day. BlackVoicesWTTW
Read more »
Dozens of restaurants participate in SF AIDS Foundation's 'Dining Out For Life' fundraiserMore than 30 restaurants are participating in Tuesday's ‘Dining Out for Life’ event put on by San Francisco AIDS Foundation (SFAF). Twenty-five percent of the proceeds from each restaurant bill will go towards promoting health and wellness and will be donated to the organization.
Read more »
Shoppers Are Swapping Foundation for This French Drugstore Sunscreen That Makes Their Skin Look ‘Absolutely Perfect’You know it's good when it comes from a brand loved by Angelina Jolie, Gwyneth Paltrow, and Hailey Bieber.
Read more »
Commentary: Save the planet by filling Texas’ chemicals jobsMany Gen Zers don’t realize chemistry is the foundation for our global sustainability blueprint.
Read more »
Race to the top: Hundreds climb to ‘Summit’ of Midtown’s One Vanderbilt to raise money for FDNY | amNewYorkHundreds of firefighters and volunteers scaled the stairs to the top of Midtown's tallest skyscraper, Summit of One Vanderbilt, Sunday morning to raise funds for local firehouses.
Read more »