Singapore police charge Hodlnaut ex-CEO Zhu Juntao with fraud over false claims during Terra collapse

Odaily Planet Daily News: Singapore police have filed six charges of fraud against Zhu Juntao, the former CEO of the bankrupt crypto lending platform Hodlnaut, alleging that during the collapse of TerraUSD in 2022, he instructed employees to issue false statements misleading users that Hodlnaut was not directly exposed to TerraUSD risks and had not suffered losses as a result. Prosecutors claim that the false information was published on Hodlnaut’s Telegram channel, in customer emails, and on Zhu’s own X (formerly Twitter) account. Under Singapore law, if convicted, Zhu faces a maximum penalty of 20 years in prison, a fine, or both for each charge. (CoinDesk)