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A Hedge Fund Hit by FTX Collapse Defaults on $36 Million of Debt - Printable Version

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A Hedge Fund Hit by FTX Collapse Defaults on $36 Million of Debt - Scythian - 07-12-2022

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.


RE: A Hedge Fund Hit by FTX Collapse Defaults on $36 Million of Debt - Sentinel - 07-12-2022

36mln...


RE: A Hedge Fund Hit by FTX Collapse Defaults on $36 Million of Debt - Blasterlord2 - 07-12-2022

Did the hedge fund buy because TH bought?


RE: A Hedge Fund Hit by FTX Collapse Defaults on $36 Million of Debt - p1acebo - 07-12-2022

(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


RE: A Hedge Fund Hit by FTX Collapse Defaults on $36 Million of Debt - Scythian - 07-12-2022

(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


RE: A Hedge Fund Hit by FTX Collapse Defaults on $36 Million of Debt - Alam - 07-12-2022

$36m? That’s small fry


RE: A Hedge Fund Hit by FTX Collapse Defaults on $36 Million of Debt - singaporean1964 - 07-12-2022

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


RE: A Hedge Fund Hit by FTX Collapse Defaults on $36 Million of Debt - singaporean1964 - 07-12-2022

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