FTX fiasco adds to Hodlnaut woes

More: GoTo to cut 10% of workforce and ASEAN central banks look to boost cross-border payments. [Read from your browser]( Daily Newsletter --------------------------------------------------------------- Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](. --------------------------------------------------------------- Hello {NAME} "A slow motion train wreck running into a dumpster fire that's full of black swans." That was the ominous [warning]( from Scott Melker, a self-confessed crypto advocate and host of the Wolf Of All Streets Podcast, on the current state of the crypto market. He made the remark after FTX, one of the world's largest exchanges, went bankrupt. Even by crypto standards, where soaring highs and plummeting lows appear to be the norm, FTX’s downfall has unraveled in spectacular fashion. In a matter of days, the company went from [nearly being acquired]( by peer Binance to filing for Chapter 11 bankruptcy and replacing founder Sam Bankman-Fried as CEO. While the once-celebrated FTX is likely the highest-profile victim of the crypto winter, perhaps one of the black swans caught in the dumpster fire in Melker’s analogy is troubled crypto lender Hodlnaut (along with Three Arrows Capital, Babel Finance, and Celsius). Hodlnaut is [already under]( judicial protection and likely to face further losses due to its exposure to FTX and its native token, FTT. -- Shravanth  ---------------------------------------------------------------  THE BIG STORY [Hodlnaut assets hit by FTX debacle]( Fallout from FTX’s solvency issues are being felt far and wide, even in Hodlnaut’s IJM proceedings. ---------------------------------------------------------------  TECH IN ASIA ORIGINALS Tech in Asia Originals is where we produce video content that aims to breathe life into the people, companies, and markets in Asia's startup ecosystem. Explore all of our original videos [here](. [Learn how to prepare for an exit in 10 minutes]( Exits matter because that’s when founders, their teams, and investors enjoy the fruits of their many years of hard work. Strangely, though, how an exit happens – everything that goes on behind the scenes – isn’t discussed much. Mark Strecker, managing partner at Sansa Advisors, brings us a masterclass on preparing an exit strategy.  --------------------------------------------------------------- TRENDING NEWS [Binance drops most FTT trading pairs after FTX fiasco]( Binance said it will pull trades on FTT to and from BNB, Bitcoin, Ether, and USD Tether, but not Binance USD. [ASEAN central banks sign MOU to boost cross-border payments]( The partnership includes the central banks of Indonesia, Malaysia, Singapore, Thailand, and the Philippines. [Investments plateau across SEA in 2022 as recession looms]( In the past year, TIA recorded a total of US$28.8 billion invested across 887 funding rounds in the region. [Indonesian digital KYC firm to raise $48m in KKR-led round]( MDI Ventures, GGV Capital, Telkomsel Mitra Inovasi, and Singtel Innov8 are also set to participate in Privy’s new fundraise. [Singapore’s top-funded tech companies in the last decade]( This automated tracker will help you see which tech firms in the city-state are scoring the most investments. [India-based lender banks $60m from SIG, others]( Bessemer Venture Partners and Citi Ventures also participated in Lentra’s series B round. ---------------------------------------------------------------  TECH IN ASIA PODCAST A startup’s guide to recruiting and retaining remote talent Hiring talent is tough. No longer can businesses simply post a job ad in the classified section of the local newspaper and call it a day. As expectations from jobs and employers evolve, it’s easy to understand why some companies are having such a hard time. Besides, businesses that fail to adapt in this shifting landscape risk losing their talent to other more adaptable companies. What then can employers do to attract and retain the right talent? Where do they start? In the [pilot episode of A Startup’s Guide to Remote Talent]( G-P’s Charles Ferguson talks to Imran Mohamad, head of marketing at DeFi company Kyber Network, about the changing expectations workers have from their employers, how businesses can adapt to retain the talent they have, and how they can make themselves an attractive employment prospect. Listen now: [Spotify]( | [Apple Podcasts]( ---------------------------------------------------------------  WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [CTO or Senior SW Engineer]( at WILT VENTURE BUILDER PTE. LTD. Singapore, Singapore - [Data analyst reviewer]( at Refocus Jakarta, Indonesia - [Business Strategy Manager]( at KPay Merchant Service Limited Hong Kong, Hong Kong - [Section Head of Creative & TikTok service]( at Boleh Dicoba Digital Bandung, Java, Indonesia - [Cloud Engineer]( at Scout.inc Jakarta, Indonesia - [SENIOR Front End Game Developer]( at PT. 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