J Zhu

Juntao Zhu is the CEO and Co-Founder of Hodlnaut, a cryptocurrency lending and borrowing platform established in 2019 alongside Simon Lee. The company is headquartered in Singapore and aimed to provide users with the ability to earn interest on their cryptocurrency deposits by lending them to carefully selected institutions.13

Background and Experience: Before co-founding Hodlnaut, Juntao Zhu worked at Credit Suisse, where he gained valuable experience in finance. He has also been associated with Antler, a global venture capital firm that supports early-stage startups.16 His educational background includes studies at Singapore Management University.2

Hodlnaut's Challenges: Under Zhu's leadership, Hodlnaut faced significant challenges, particularly during the market downturn in 2022. The platform halted withdrawals in August of that year, revealing that it had invested user funds heavily in the TerraUSD stablecoin, which had collapsed. This led to substantial losses for users and ultimately resulted in the company's insolvency proceedings.135

In early 2023, Zhu and Lee proposed selling Hodlnaut as a preferable option for creditors rather than liquidating the company.34