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Ethereum World News
2022-12-05 18:05:33

Maple Finance Calls Out Orthogonal Trading After $36 Million Loan Default

Maple Finance Calls Out Orthogonal Trading After $36 Million Loan Default

Summary: Maple’s Monday statement said that Orthogonal Trading defaulted on eight loans worth around $36 million. The loans were tied to two pools operated by Mavens M11 credit. Maple founder Sid Powell expressed shock and disappointment due to the incident. DeFi lending protocol Maple Finance severed ties with trading outfit Orthogonal Trading after the latter defaulted on eight loans worth $36 million. The lending protocol released a statement on Monday to inform the community of the decision. According to the

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