The founders of the troubled cryptocurrency lender Hodlnaut are attempting to avoid wasting the enterprise regardless of collectors insisting on its liquidation.

On Feb. 28, Hodlnaut’s interim judicial managers released the sixth affidavit of Hodlnaut co-founder Simon Lee, reportedly stating the corporate’s founders proposed promoting the enterprise as a greater choice for collectors than liquidating the agency.

According to a report by Bloomberg, Lee stated that he and Hodlnaut’s different co-founder Zhu Juntao have reached out to a number of “potential white knight traders.”

Lee reportedly wrote that Hodlnaut co-founders are assured the corporate’s consumer base “might be acquired and on-boarded on digital-asset platforms owned or affiliated to such traders.” He declared that such a enterprise transaction would “maximize” worth for collectors.

The affidavit additional reaffirms Hodlnaut’s willingness to promote the agency as the corporate workedwith a number of potential traders to promote its enterprise and different property. A variety of potential consumers reportedly inquired about buying Hodlnaut and its claims in opposition to the collapsed crypto change FTX as of early February.

The information comes shortly after key Hodlnaut collectors, together with Algorand Basis, in January rejected a restructuring plan provide permitting the present administrators to supervise the agency’s operations in the course of the restructuring part. The collectors argued that the restructuring would do no assist and it was of their finest curiosity to liquidate the agency’s remaining property.