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Crypto lender Hodlnaut reportedly faces police investigation in Singapore

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Singapore-based crypto lender Hodlnaut is reportedly facing a police probe over alleged offenses of cheating and fraud.According to reports published in local media, the police’s commercial affairs department has launched an investigation into the founders of the exchange based on multiple complaints against the platform between August and November 2022.

The Singapore police noted that the majority of complaints revolve around false representations and misinformation regarding the company’s exposure to a certain digital token.

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