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Former Hodlnaut CEO Zhu Juntao was charged with six counts of fraud by false representation by Singapore police on May 26. The charges are related to alleged false statements denying direct exposure and losses from TerraUSD claims after the crash in 2022. Hodlnaut had faced claims of $190 million in UST-linked losses before becoming defunct in August 2022. Zhu, 36, faces up to 20 years in prison if convicted. Singapore authorities are cracking down on crypto-related fraud.
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