Singapore police charge ex-Hodlnaut CEO Zhu Juntao with six counts of fraud by false representation over allegedly misleading statements on the company’s exposure to the Terra/UST crash.
Former Hodlnaut CEO Zhu Juntao was charged in Singapore with six counts of fraud by false representation, in a case tied to statements Zhu and Hodlnaut employees allegedly made after the 2022 collapse of the Terra ecosystem.
Singapore Police said Zhu, 36, was charged following an investigation by the Commercial Affairs Department and faces three charges under Section 424A(1)(a) read with Section 424A(3) of the Penal Code 1871, as well as three further charges under the same provision read with Section 109.
The case centers on alleged false claims about Hodlnaut’s exposure to the TerraUSD (UST) crash, including accusations that Zhu directed staff to issue some of the statements.
