Singapore police charge ex-Hodlnaut CEO Zhu Juntao with six counts of fraud by false representation over allegedly misleading statements on the company’s exposure to the Terra/UST crash. Former Hodlnaut CEO Zhu Juntao was charged in Singapore with six counts of fraud by false representation, in a case tied to statements Zhu and Hodlnaut employees allegedly made after the 2022 collapse of the Terra ecosystem. Singapore Police said Zhu, 36, was charged following an investigation by the Commercial Affairs Department and faces three charges under Section 424A(1)(a) read with Section 424A(3) of the Penal Code 1871, as well as three further charges under the same provision read with Section 109. The case centers on alleged false claims about Hodlnaut’s exposure to the TerraUSD (UST) crash, including accusations that Zhu directed staff to issue some of the statements. Read more
Romania’s general consolidated budget posted a deficit of RON23.9 billion (nearly EUR4.56 billion) in January-April 2026, or 1.17% of the gross domestic product (GDP), finance ministry data show on Tuesday (May 26).
Crypto ETPs logged $1.47 billion of outflows last week as Bitcoin funds led losses, while nine altcoin ETPs still attracted inflows of more than $1 million. Crypto investment products recorded $1.47 billion in outflows last week, extending a second straight week of withdrawals as Bitcoin funds led the decline, according to CoinShares. Crypto exchange-traded products (ETPs) extended the prior week’s $1.07 billion in withdrawals, CoinShares reported Tuesday. Bitcoin products accounted for roughly $1.3 billion of the outflows, their largest weekly withdrawal of 2026, while Ether funds lost $223 million, the asset manager said. Read more