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Crypto Firm Orthogonal Trading Said to Be in Provisional Liquidation After Maple Defaults

Orthogonal defaulted on $36 million of loans on DeFi protocol Maple earlier this month after it allegedly misrepresented the scale of its losses from the FTX implosion.

Maple Finance and M11 Credit sought the provisional liquidation of Orthogonal Trading after defaulting on $36 million of loans. (Pixabay)
Maple Finance and M11 Credit sought the provisional liquidation of Orthogonal Trading after defaulting on $36 million of loans. (Pixabay)