Zhu allegedly directed staff to publish false claims that Hodlnaut had no direct exposure to the TerraUSD collapse on Telegram and in customer emails.

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.