Zhu Juntao
Former CEO of the collapsed Singapore crypto lender Hodlnaut. In May 2026 Singapore charged him with six counts of fraud by false representation, alleging he directed false statements that the firm had no TerraUSD exposure. He disputes the charges.
Also known as: Juntao Zhu
Note: Zhu Juntao has been charged and disputes the charges; the allegations have not been adjudicated.
Bio
Zhu Juntao was the chief executive of Hodlnaut, a Singapore-based crypto lender that froze withdrawals in August 2022 during the Terra collapse. [1]
Status
On May 27, 2026, the Singapore Police Force charged Zhu with six counts of fraud by false representation, alleging he directed employees in 2022 to publish false claims (on Telegram and in emails) that Hodlnaut had no direct exposure to TerraUSD's collapse, and made similar posts on his personal account. He disputed all six charges; a pre-trial conference was set for June 2026. Each charge carries up to 20 years. [1]
Bracketed numbers refer to the numbered sources listed below.
Linked scams & cases
Sources (1)
See also
Luke BelmarIndividualsCryptocurrency influencer Luke Belmar (@lukebelmar on X) became the subject of controversy following allegations related to the promotion of a memecoin. Critics on social media alleged that Belmar used a series of posts referencing a forthcoming cryptocurrency project and a large-scale airdrop to generate interest in a token without explicitly identifying a specific contract address. Belmar published multiple posts discussing an upcoming memecoin, describing plans for what he characterized as a major airdrop and making comparisons to other cryptocurrency projects. Because no contract address was publicly provided, several tokens emerged claiming association with his statements. Critics alleged that this ambiguity enabled speculation around multiple tokens while avoiding a direct endorsement of any particular asset.
- REcoin / Diamond Reserve ClubProjectsTwo 2017 ICOs run by Brooklyn's Maksim Zaslavskiy, marketed as tokens backed by real estate and diamonds that did not exist. The case produced the first U.S. criminal conviction for an ICO fraud; Zaslavskiy was sentenced to 18 months in 2019.
This page was last updated on Jun 15, 2026. View revision history.