Singapore police prosecute former CEO of Hodlnaut for fraud

Singapore police have accused Zhu Juntao, former CEO of Hodlnaut, of making false statements during the 2022 TerraUSD crash, misleading users into claiming that the platform was not exposed to TerraUSD risks. The relevant information has been posted on Telegram, customer emails, and Zhu's X account. If convicted, Zhu can be sentenced to up to 20 years in prison or a fine for each charge. （CoinDesk）