BVI-based Orthogonal Trading is reportedly under provisional liquidation. M11 Credit initiated the liquidation application along with the Maple Foundation earlier this month. British Virgin Islands-b...
Tag: Orthogonal
Nexus Mutual Hit With $3M in Ethereum Exposure to Orthogonal Trading Default
The FTX dominoes continue to tumble, as Nexus Mutual revealed roughly $3 million in losses due—via a long string of contiguous events—to the exchange’s collapse last month. The crypto insurance ...
Orthogonal Trading fails to repay a loan amount of $10M to Mapple Finance
With the FTX going into bankruptcy, the overall ripple effect is seemingly carrying on, leaving its ugly mark and negative impact on all who are connected. In the latest case scenario, it happens to b...
Maple Finance ends ties with Orthogonal Trading over loan default
Maple Finance has cut ties with trading company Orthogonal over failure to repay due debts Nexus Finance also took a hit as a result of the failure of Orthogonal to repay its due debt One of the bigge...
Nexus Mutual expects $3M loss from Orthogonal Trading’s M11 loan default
Following Orthogonal Trading’s M11 loan default, decentralized insurance protocol Nexus Mutual has moved to withdraw all its assets from Maple Finance, as it expects to take a loss of roughly $3 milli...
Orthogonal Trading Gets Default Notice for $36M Debt
Orthogonal Trading has defaulted on eight loans worth around $36 million on DeFi lending protocol Maple Finance. The default has resulted in Maple Finance severing ties with Orthogonal Trading for mi...
Maple Finance severs ties with Orthogonal Trading over insolvency concerns
Institutional crypto lending protocol Maple Finance has moved to end all its business deals with Orthogonal Trading over concerns that the latter is “effectively insolvent.” Maple Financial lending pa...
Maple Finance cuts ties with Orthogonal Trading over alleged misrepresentation of finances
Blockchain-based institutional capital marketplace Maple Finance announced on Dec. 5 that it plans to cut all ties with Orthogonal Trading due to the alleged misrepresentation of finances following th...
Orthogonal Trading is “Effectively Insolvent,” According to Maple Finance
Blockchain-based capital marketplace Maple Finance has cut ties with digital asset hedge fund Orthogonal Trading on allegations that the latter misrepresented its financial statements. Maple said ass...
Maple Finance Says Orthogonal Hid FTX Exposure
Maple Finance has cut ties with Orthogonal Trading after it said the company was “operating while effectively insolvent” and accrued liabilities of more than $30 million. Orthogonal Trading had ...
Maple token down more than 24%, cuts ties with Orthogonal Trading following $36 million default
Maple Finance’s token, Maple (MPL), plummeted on Monday following the revelation that Orthogonal Trading defaulted on $36 million of loans on the crypto lending protocol. Orthogonal Trading inte...
Orthogonal Trading defaults on $36 million of loans on Maple Finance
Orthogonal Trading has defaulted on $36 million of loans on crypto lending protocol Maple Finance after the investing firm’s funds became tied up on bankrupt exchange FTX. The default at...