A Hedge Fund Hit by FTX Collapse Defaults on $36 Million of Debt
#1

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.
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#2

36mln...
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#3

Did the hedge fund buy because TH bought?
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#4

(07-12-2022, 01:57 AM)Blasterlord2 Wrote:  Did the hedge fund buy because TH bought?

The hedge fund was trying to be contrarian Laughing

Wherever you go, no matter what the weather, always bring your own sunshine Big Grin
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#5

(07-12-2022, 07:13 AM)p1acebo Wrote:  The hedge fund was trying to be contrarian Laughing

.
Objective everyone wants to be billionaire in shortest time
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#6

$36m? That’s small fry
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#7

TOT HEDGE fund is smart money
how come so stupig
follow temasek
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#8

wat happen o the singapore hedge fund that short apple stock and it went up
it was headed by formere pap transport minister
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