Friday, June 14, 2024

Crypto Audit Platform Sherlock Expects $4M Loss From Troubled Loans on Maple Finance As FTX Contagion Grows

by Jeremy

Orthogonal Buying and selling’s insolvency, triggered $31 million of loans within the credit score pool to default this week. The dangerous debt represents 80% of the credit score pool’s excellent loans. When Sherlock invested within the pool, nevertheless, Orthogonal’s borrowings solely accounted for 14% of the pool’s loans.

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