Singapore authorities charge former Hodlnaut CEO Zhu Juntao with fraud by false representation related to the firm’s alleged statements about its exposure to the TerraUSD (UST) collapse. Multiple outlets report that Zhu is accused of making misleading claims about Hodlnaut’s relationship to the Terra/UST events. CoinDesk and CoinTelegraph both state that the charges center on allegedly inaccurate communications to customers and the public, including claims made through Telegram and in customer email updates. The allegations focus on whether Hodlnaut had direct exposure to the TerraUSD collapse and whether Zhu directed staff to publish statements that did not accurately reflect that exposure. CoinTelegraph reports that police bring six counts of fraud by false representation. CoinDesk similarly describes the alleged conduct as involving instructions to staff to publish false claims that Hodlnaut had no direct exposure, using customer-facing channels during the period following the Terra crash. The cases are presented as criminal charges filed by Singapore police, and the reporting reflects allegations rather than determinations of guilt.