The founders of cryptocurrency lender Hodlnaut are trying to save the business despite creditors insisting on its liquidation.
Hodlnaut’s interim judicial managers released the sixth affidavit of Hodlnaut co-founder Simon Lee, reportedly stating the company’s founders proposed selling the business as a better option for creditors than liquidating the firm.
Lee said that he and Hodlnaut’s other co-founder Zhu Juntao have reached out to several potential white knight investors.
Lee reportedly wrote that Hodlnaut co-founders are confident the company’s user base can be acquired and on-boarded on digital-asset platforms owned or affiliated to such investors. He declared that such a business transaction would maximize value for creditors.
The affidavit further reaffirms Hodlnaut’s willingness to sell the firm as the company worked with several potential investors to sell its business and other assets. A number of potential buyers reportedly inquired about purchasing Hodlnaut and its claims against the collapsed crypto exchange FTX as of early February.
