Singaporean prosecutors have indicted former Hodlnaut CEO Zhu Juntao on charges of making false statements related to the Terra-UST incident. Authorities allege that Zhu Juntao instructed employees to post false information via Telegram and email between May and July 2022, stating that “there was no direct UST exposure and no losses incurred.” He is also reported to have posted similar content on his personal X account. Hodlnaut suspended withdrawals after the Terra collapse in 2022, and its assets are currently managed by a court-appointed liquidator. Meanwhile, Zhu Juntao faces a total of six fraud charges, and if convicted, he could face up to 20 years in prison for each charge.
