Krisztian Sandor

Krisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University's business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH.

Krisztian Sandor

Latest from Krisztian Sandor


Markets

Crypto Firm Orthogonal, Victim of FTX Contagion, Now Faces Internal Dissent

Shortly after Orthogonal got served with default notices on $36 million of crypto loans from Maple Finance, the firm’s credit team published a statement saying it was “speechless” and unaware of the extent of the trading team’s exposures.

Rancor and dissent have broken out between units of Orthogonal Trading after $36 million of loan defaults on the crypto lending platform Maple Finance. (Charles Altamont Doyle/Creative Commons, modified by CoinDesk)

Markets

DeFi Risk-Sharing Protocol Nexus Expects Loss on Maple Credit Pool Investment as FTX Contagion Widens

Nexus Mutual, which offers an insurance alternative for decentralized finance traders, deposited some $19 million in ETH to Maple’s wrapped ether credit pool, which was rocked by Orthogonal Trading’s recent default.

Posiciones cortas de ether registraron liquidaciones de $200 millones. (deepblue4you/Getty images)

Markets

FTX Contagion Spreads as Orthogonal Trading Gets Default Notice for $36M Debt on Maple Finance

Creditor M11 Credit issued a default notice to Orthogonal Trading for $36 million of loans, while Maple Finance severed all ties with Orthogonal for misrepresenting its financial position.

Crypto hedge fund Orthogonal Trading appears to be the next firm becoming insolvent after crypto exchange FTX's implosion. (Tom Wilson/Unsplash)

Markets

MakerDAO Community Votes to Hike DAI Rewards to 1%

Some 71% of voters favored hiking the DAI Savings Rate to 1%, the highest option offered in the voting.

MakerDAO community votes to hike DAI rewards to 1% (Getty Images)

Markets

Crypto Trader Auros Global Misses Payment on DeFi Loan as FTX Contagion Spreads

The company missed payment on a 2,400 wrapped ether loan worth $3 million from a M11 Credit pool on Maple Finance.

(Leon Neal/Getty Images)

Markets

DeFi Lender Compound Tightens Borrowing Limits After Aave Exploit Attempt

A passed proposal introduces borrowing caps for five cryptocurrencies and sets stricter loan limits for another five.

Compound Finance will enforce new limits for borrowing to lower risk on the platform. (Unsplash)

Markets

DeFi Giant MakerDAO Voting on Hiking DAI Stablecoin Rewards

Increasing the DAI savings rate would increase the Maker stablecoin’s competitiveness and help mitigate capital outflow from crypto to traditional financial markets, MakerDAO contributors said.

MakerDAO community votes to hike DAI rewards to 1% (Getty Images)

Markets

MakerDAO Community Rejects CoinShares Proposal to Invest Up to $500M in Bonds

The largest decentralized lending protocol MakerDAO previously approved a plan to invest $1.6 billion with Coinbase Prime for an annual yield of 1.5%, but this latest plan didn't fly.

(Unsplash)

Markets

Mango Exploiter's Funds Get Liquidated After Roiling Aave Using $20M of Borrowed Curve Tokens

A trader identified as Avraham Eisenberg, who became infamous for his “very profitable trading strategy” of exploiting $114 million from Mango Markets, borrowed tens of millions of Curve DAO tokens and sent them to an exchange – but his position appears to have gotten liquidated.

Racha perdedora. (Jhorrocks)

Markets

FTX Exploiter Transfers $200M in Ether to 12 Crypto Wallets

The exploiter had previously drained hundreds of millions of digital assets from FTX on the same day as the embattled crypto exchange filed for bankruptcy protection.

(Leon Neal/Getty Images)