/biz/ - Business & Finance

>>50809805
Imagine trusting something called
>H0dlnaut

>>50809805
HOOOOOOODL

>>50809826
DIAMOND HANDS BROTHER!!! WAGMI

press release: https://archive.is/FoRbL
>To all users, we regret to inform you that we will be halting withdrawals, token swaps and deposits with immediate effect. We have reached this difficult decision due to recent market conditions.
>We understand that this is disappointing news and understand its impact on you. We would like to reassure you that this difficult decision was taken for us to focus on stabilising our liquidity and preserving assets, while we work to find the best way to protect our users’ long-term interests. We sincerely apologise for the inconvenience that this has caused you.

I looked through their Telegram this morning, some people were claiming they had 100K USDC or similar amounts still on there. Others were thanking FatMan. I have been out of HN since June so I am just an observer. They wiped their Team page and all their social media btw.

>>50809848
>When will withdrawals and token swaps be resumed?
We are unable to provide a definite date as the details have yet to be finalised amongst all our stakeholders, but it will not be a short process. Halting withdrawals and token swaps was a necessary step for us to stabilise our liquidity, and give us the time to work closely with our legal advisors to come up with the best possible restructuring and recovery plan for our users. We will provide details and timelines as soon as we can, and we seek your understanding and patience as we work to reach a solution that will best protect the interests of our users.
>Is there any way I can have my funds returned to me now?
We apologise that we are unable to facilitate any withdrawal of funds at this juncture. We believe that this will provide us with the necessary breathing room to explore potential restructuring options and recovery plans with our legal advisors.

my life savings are tied up in this what do i do bros

>>50809860
lol
it's a rug, then

>>50809869
You will possibly get back 5-10% of your money in 2 years

>>50809864
>We are unable to provide a definite date as the details have yet to be finalised amongst all our stakeholders, but it will not be a short process. Halting withdrawals and token swaps was a necessary step for us to stabilise our liquidity, and give us the time to work closely with our legal advisors to come up with the best possible restructuring and recovery plan for our users. We will provide details and timelines as soon as we can, and we seek your understanding and patience as we work to reach a solution that will best protect the interests of our users.
>all this bullshit
>we lost 50% of your funds
>we aren't going to fairly split the remaining 50% among the investors because that wouldn't be fair

how hard is it?
> restructuring and recovery plan for our users.
this actually means
restructuring and recovery plan for us to maximize the amount of funds we can still extract from our users and give them the smallest cut possible while giving our jew buddies the majority of the ponzi funds

>>50809805
Imagine if niggers robbed people like this, dear pedestrian due to market conditions i will now be putting this gun in your face and moving your wallet from your pocket to my pcket thanks for your cooperation.

coinbase/binance are the only proven exchanges that are safe long term, these people probably thought they were being smart by hodling with H0DLNAUGHT!!