OPNX exchange bids for crypto lender Hodlnaut in Singapore: Report

According to a Bloomberg report, OPNX exchange has made a deal to take over 75% of the company.The offer would see a capital injection of nearly $30 million worth of FLEX tokens into Hodlnaut to partly cover lenders payment and exceptional claims. Hodlnauts restructuring is being managed by a Singapore court.If authorized by the creditors, OPNX would own 75% of Hodlnaut after the infusion of capital. Zhu and Davies are being chased by financial institutions in the United States over their dragging personal bankruptcy proceedingsIts uncertain if the lenders will accept the offer.

According to a Bloomberg report, OPNX exchange has actually made a deal to take over 75% of the company.The offer would see a capital injection of almost $30 million worth of FLEX tokens into Hodlnaut to partially cover lenders payment and impressive claims. Hodlnauts restructuring is being overseen by a Singapore court.If approved by the creditors, OPNX would own 75% of Hodlnaut after the infusion of capital. Zhu and Davies are being chased by creditors in the United States over their dragging insolvency proceedingsIts unclear if the financial institutions will accept the deal.