Hodlnaut founders argued that selling the firm instead of liquidation would “maximize” value for creditors amid Voyager customers agreeing to a restructuring plan with Binance US.
The founders of the troubled cryptocurrency lender Hodlnaut are trying to save the business despite creditors insisting on its liquidation.the sixth affidavit of Hodlnaut co-founder Simon Lee reportedly stating the company’s founders proposed selling the business as a better option for creditors than liquidating the firm.that he and Hodlnaut’s other co-founder Zhu Juntao have reached out to a number of “potential white knight investors.
Lee reportedly wrote that Hodlnaut co-founders are confident the company’s user base “can be acquired and on-boarded on digital-asset platforms owned or affiliated to such investors.” He declared that such a business transaction would “maximize” value for creditors.to sell its business and other assets. A number of potential buyers reportedly inquired about purchasing Hodlnaut and its claims against the collapsed crypto exchange FTX as of early February.
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