Orthogonal Trading said in a tweet on Tuesday that it had been “severely impacted by the collapse of FTX and associated trading activities,” making it unable to repay on a $10 million crypto loan. That prompted the entity that runs the lending pool on DeFi protocol Maple to issue a notice of default for all the fund’s active borrowings.
A Hedge Fund Hit by FTX Collapse Defaults on $36 Million of Debt
07-12-2022, 01:10 AM
Contagion from the messy implosion of Sam Bankman-Fried’s crypto empire is spilling into the world of decentralized finance, after a hedge fund was declared in default on almost $36 million of loans.
Orthogonal Trading said in a tweet on Tuesday that it had been “severely impacted by the collapse of FTX and associated trading activities,” making it unable to repay on a $10 million crypto loan. That prompted the entity that runs the lending pool on DeFi protocol Maple to issue a notice of default for all the fund’s active borrowings.
Orthogonal Trading said in a tweet on Tuesday that it had been “severely impacted by the collapse of FTX and associated trading activities,” making it unable to repay on a $10 million crypto loan. That prompted the entity that runs the lending pool on DeFi protocol Maple to issue a notice of default for all the fund’s active borrowings.
07-12-2022, 01:39 AM
36mln...
07-12-2022, 01:57 AM
Did the hedge fund buy because TH bought?
07-12-2022, 07:13 AM
(07-12-2022, 01:57 AM)Blasterlord2 Wrote: Did the hedge fund buy because TH bought?
The hedge fund was trying to be contrarian
Wherever you go, no matter what the weather, always bring your own sunshine
07-12-2022, 07:17 AM
07-12-2022, 07:21 AM
$36m? That’s small fry
07-12-2022, 07:25 AM
TOT HEDGE fund is smart money
how come so stupig
follow temasek
how come so stupig
follow temasek
07-12-2022, 07:33 AM
wat happen o the singapore hedge fund that short apple stock and it went up
it was headed by formere pap transport minister
it was headed by formere pap transport minister
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