Algorand reveals $35M hole in balance sheet owing to exposure to Hodlnaut

The Algorand Foundation is in the news today after it informed its community about the exposure it had to Singapore-based crypto-lender Hodlnaut. The latter is currently facing a liquidity crisis. The Algorand Foundation has a $35 million USDC exposure to the crippled lender. This comes as a matter of concern for the community because Hodlnaut suspended […]