Authorities alleged that the former CEO distributed claims stating that the company had not been impacted by the 2022 collapse of TerraUSD.

Zhu Juntao allegedly posted misleading statements on Twitter saying Hodlnaut did not suffer losses from the May 2022 UST crash.

Singapore charges former Hodlnaut CEO Zhu Juntao with six fraud counts over alleged misleading statements on the lender’s exposure to the 2022 Terra/UST crash.