Ex-CEO of Singapore-based crypto platform Hodlnaut Faces Up to 20 Years in Prison After Fraud Charges
> Zhu Juntao, 36, former CEO of crypto platform Hodlnaut, was charged with six counts of fraud today on 26 May 2026.
> Launched in April 2019, Hodlnaut allowed users to deposit BTC, ETH and stablecoins to earn interest.
> Zhu graduated from SMU, worked at Credit Suisse, before co-founding Hodlnaut in 2019 with Simon Lee.
> At its peak, the platform served over 30,000 users worldwide, offered up to 10% APY, and managed $750 million.
> Hodlnaut lost $189.7 million when the TerraUSD (UST) stablecoin crashed in May 2022.
> The company had secretly put $317 million of user funds into Terra's Anchor Protocol.
> No official statements before the crash disclosed this massive exposure to UST.
> Zhu allegedly ordered staff to lie on Telegram, email, and X, falsely claiming Hodlnaut had no UST exposure.
> The platform froze withdrawals in June 2022 and later collapsed into judicial management.
> It owed users $281 million but held just $88 million in assets - a $193 million shortfall.
> Zhu faces up to 20 years in prison, a fine, or both if convicted.
Watching people buy the top of a $HYPE cycle because a chart pattern looked like a cup and saucer. canβt wait to bid your liquidated positions at a 70% discount. thanks for the exit liquidity, truly.
$HYPE getting too loud for me to sit on leverage.
Appreciate the quieter room at $SOL and $SUI.
I donβt do research but i donβt like noisy room. Period
@JackyGohSG@CoinDesk@IanAllison123 the market speaks for itself post-FTX ETA when CL has a clear PMF.
In 2026, trust in licensing is the PMF and now its been shifted to custody ver2.0 where bank-licensed like @Anchorage@BitGo@xapobankapp
Love Copper but they missed the window for network effect
21Shares ETF launch is huge for the macro flywheel, and the 97% fee burn is elite. But let's be realβthe market completely front-ran the Nasdaq news and we just put in a massive local top around $47.
You set the price floor at $47 while I set my bids at $30. We are not the same
The real Alfa for this week is to engagement farm $HYPE and then sell down back to high 20s for buy in.
We have some nice EL above 47 and we will see them again closer Q4.
Goldman Sachs Exits XRP and Solana ETF Positions, Cuts Ethereum ETF Holdings by 70%
Goldman Sachsβ latest 13F filing shows the bank fully exited its XRP and Solana ETF positions in Q1 2026 after previously holding around $154 million in XRP ETFs. The bank still holds roughly $700 million in Bitcoin ETFs but cut its Ethereum ETF exposure by about 70% to around $114 million. Goldman also increased positions in Circle, Galaxy, and Coinbase shares while reducing holdings in Strategy, IREN, Bit Digital, and Riot.
@notyetadegen I'm with you on that but I am also conscious that govt could throw an UNO reverse by removing 1/999 cooling measures that is artificially holding down the prices.
Afterall, price of SG property proxy to the politics in SG. Vote PAP