Crypto lender hodlnautdotcom held $18 million of crypto on FTX_Official in the days leading up to the exchange's withdrawal freeze. Reporting by oknightcrypto.
, which was published on Oct. 28, Hodlnaut consolidated over 95% of its assets on centralized exchanges, with $18.1 million being held on FTX including bitcoin , ether and stablecoins.
FTX customers are currently unable to get funds out of the exchange after a liquidity crunch that stemmed from aIt is possible that Hodlnaut's managers moved funds away from FTX before operations were halted. Hodlnaut was one of several companies that succumbed to the pressures of this year's cryptocurrency bear market,after reportedly losing $189.7 million in the collapse of the Terra ecosystem.
The report by Hodlnaut's managers also states that employees of the lending firm withdrew a total of $550,000 between the beginning of July and when withdrawals were halted.
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