{"id":66015,"date":"2022-08-19T09:39:05","date_gmt":"2022-08-19T06:39:05","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=66015"},"modified":"2025-09-06T23:07:47","modified_gmt":"2025-09-06T20:07:47","slug":"hodlnaut-lays-off-80-of-staff-to-trim-costs","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/hodlnaut-lays-off-80-of-staff-to-trim-costs\/","title":{"rendered":"Hodlnaut lays off 80% of staff to trim costs"},"content":{"rendered":"<p>Facing a liquidity crisis, the crypto-lending platform Hodlnaut carried out mass layoffs to trim costs. <a href=\"https:\/\/www.hodlnaut.com\/press\/an_update_on_our_ijm_process\">The blog says<\/a>.<\/p>\n<p>According to the statement, the management cut the workforce by 80% \u2014 40 people were laid off. Hodlnaut estimates that the number of remaining employees is optimal for the company to carry out its key functions.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cTo further stabilise our liquidity, [\u2026] we will reduce the open interest rates to 0% per annum from 22 August,\u201d the statement said.<\/p>\n<\/blockquote>\n<p>On the same day in Singapore, Hodlnaut&#8217;s request for the appointment of a provisional liquidator and a moratorium on legal claims against the firm will be considered. <a href=\"https:\/\/u1f987.com\/en\/news\/hodlnaut-seeks-court-protection-in-singapore-from-creditors\">the platform&#8217;s representatives filed<\/a> on 16 August.<\/p>\n<p>Earlier, regarding the temporary suspension of operations, <a href=\"https:\/\/u1f987.com\/en\/news\/vauld-wins-temporary-creditor-protection\">announced<\/a> by the crypto-lending platform Vauld, and Celsius Network <a href=\"https:\/\/u1f987.com\/en\/news\/celsius-files-for-bankruptcy-protection\">filed for bankruptcy<\/a>.<\/p>\n<p>On August 8 Hodlnaut <a href=\"https:\/\/www.hodlnaut.com\/press\/hodlnaut-message-to-our-users\" target=\"_blank\" rel=\"noreferrer noopener\">suspended withdrawals<\/a>, swaps and token deposits.<\/p>\n<p>Follow ForkLog&#8217;s bitcoin news on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 for crypto news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Facing a liquidity crisis, the crypto-lending platform Hodlnaut carried out mass layoffs to trim costs, according to the blog.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[83,1097],"class_list":["post-66015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-business","tag-lending"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/66015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=66015"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/66015\/revisions"}],"predecessor-version":[{"id":66016,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/66015\/revisions\/66016"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=66015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=66015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=66015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}