I just received an E-mail regarding the insolvency of Hodlnaut that proves quite definitively that the entire country of Singapore is a scam.

This E-mail contained two key pieces of information:

The lawyers involved with processing the insolvency just quit, and:

The profit and loss sheet of Hodlnaut.

I don’t think I can go into too great a detail on account of it being an ongoing case, but the profit and loss sheet showed us that Hodlnaut originally had 14 and a half million dollars left to pay out to its creditors, but the lawyers (that just quite without resolving anything) have since taken over 8 million of it. It stands to reason that the next lawyers will take the remaining 6 million before the process is complete.

The legal system in Singapore is obviously designed in a way to prevent justice. If there is any potential for an exchange you are using to store any of its assets within Singapore’s borders, you need to move your money immediately. If things go poorly for that exchange, Singapore will do everything in their power to ensure that your money never leaves their shores.

submitted by /u/Giant2005 [link] [comments]r/CryptoCurrencyRead More

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