The collapse of the FTX Derivatives Exchange has stirred a lot of awakening for several digital currency trading platforms and investors.
One of the entities that may be significantly impacted by this fall from grace is Hodlnaut, the Singapore-based crypto exchange that went bankrupt earlier in the summer.
Drawing on its previous court filings, there is every likelihood that Hodlnaut has as much as $13 million in deposits kept on FTX, which it might not have withdrawn at the time the exchange halted withdrawals this week.
With the supposed insolvency of the trading platform, some investors had begun counting their losses with an expectation that the billions of dollars that will likely be tied down in bankruptcy proceedings should use the firm file for that protection will take a very long time to access.
This disposition is for exchanges and investors who are still healthy and does not reflect the position that will best be…
