Shortly after Orthogonal bought served with default notices on $36 million of crypto loans from Maple Finance, the agency’s credit score crew printed an announcement saying it was “speechless” and unaware of the extent of the buying and selling crew’s…
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Orthogonal
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Exchanges
Nexus Mutual expects $3M loss from Orthogonal Buying and selling’s M11 mortgage default
by Jeremyby JeremyEarlier in Could, Nexus group members had unanimously voted to allocate about 15,348 ETH into Maple’s M11 Credit score Nonetheless, the collapse of FTX created an enormous liquidity disaster for pool debtors together with Auros and Orthogonal Buying and…
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Exchanges
Maple Finance severs ties with Orthogonal Buying and selling over insolvency considerations
by Jeremyby JeremyMaple Monetary lending companion Orthogonal Buying and selling was caught up within the FTX collapse, which left the buying and selling agency in a liquidity buying and selling agency has 4 energetic loans in Maple’s M11 Credit score Pool,…
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Altcoin NewsNews
Orthogonal Credit score alleged key weaknesses in Alameda’s due diligence early in 2022
by Jeremyby JeremyOn Twitter, the corporate introduced it had recognized plenty of key weaknesses throughout a due diligence earlier this yr — particularly, declining asset high quality and unclear capital coverage, amongst different evaluation led the agency to push Maple Finance…