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>>Ex‑Hodlnaut CEO charged with six fraud counts after the $189.7 million UST collapse

Ex‑Hodlnaut CEO charged with six fraud counts after the $189.7 million UST collapse

crypthub

about 14 hours ago

Fraud Charges

Zhu Juntao, the former CEO of Hodlnaut, has been charged with six counts of fraud linked to a $189.7 million loss in TerraUSD (UST). Prosecutors allege he misled both users and staff during the 2022 UST crash.

Impact and Reporting

More than 30,000 users worldwide were affected when withdrawals were frozen and the platform was forced to shut down. The story was first reported by COINTURK NEWS.

Ex‑Hodlnaut CEO charged with six fraud counts after the $189.7 million UST collapse

Fraud Charges

Impact and Reporting

Ex‑Hodlnaut CEO charged with six fraud counts after the $189.7 million UST collapse