Hodlnaut, a cryptocurrency platform, has announced a temporary suspension of withdrawals. In other words, the cash and crypto in your account cannot be withdrawn at this time. In situations like this, it usually means the platform is facing a liquidity crunch, and it may eventually restructure or declare bankruptcy.
We have not previously covered Hodlnaut on this site, but we did write about a similar platform that also suspended withdrawals. So in the current economic downturn, I would not recommend opening higher-risk accounts just for a small sign-up bonus, especially crypto-related ones. After all, if you lose 100% of your principal, that is something no one wants to deal with...
