Hodlnaut
A Singapore-based crypto lender that froze withdrawals in August 2022 amid the Terra collapse, having funneled ~$317M of user funds into Terra's Anchor Protocol and lost an estimated ~$189.7M. In May 2026, Singapore charged former CEO Zhu Juntao with six counts of fraud.
Also known as: Hodlnaut
Note: Zhu Juntao has been charged and disputes the charges; the allegations have not been adjudicated.
Summary
Hodlnaut, founded in 2019, was a Singapore-based crypto lender offering yield-bearing accounts to more than 30,000 users. It halted withdrawals in August 2022 during the collapse of the TerraUSD (UST) ecosystem. Authorities estimate Hodlnaut channeled about $317 million of user funds into Terra's Anchor Protocol and lost roughly $189.7 million. [1]
Charges
On May 27, 2026, the Singapore Police Force charged former CEO Zhu Juntao with six counts of fraud by false representation, alleging he directed staff in 2022 to publish false statements on Hodlnaut's Telegram channels and in customer emails claiming the firm had no direct exposure to the TerraUSD collapse, and repeated similar claims on his personal X account. Zhu disputed all six charges. [1]
Bracketed numbers refer to the numbered sources listed below.
People & entities involved
Sources (1)
See also
- Bitcoin Latinum (LTNM)TokensA ~$16M token offering (SAFTs for 'Bitcoin Latinum' / LTNM) that the SEC charged in 2026 as fraud: founder Donald Basile falsely called LTNM 'the world's first insured digital asset' backed by an 'existing trust,' neither of which existed, and diverted investor funds for personal use (including a $160,000 horse).
- Donald BasileIndividualsFounder behind Bitcoin Latinum (LTNM). The SEC charged him in 2026 with defrauding investors of ~$16M by falsely claiming the token was insured and asset-backed, and misappropriating funds for personal use (including a $160,000 horse).
- Joseph PodulkaIndividuals
This page was last updated on Jun 15, 2026. View revision history.