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Crypto Audit Platform Sherlock Expects $4M Loss From Troubled Loans on Maple Finance

Sherlock deposited $5 million USDC of its staking pool into the beleaguered credit pool on Maple, which suffered a $31 million hit from Orthogonal Trading’s FTX-induced insolvency.

By Krisztian Sandor

Updated Dec 7, 2022, 3:17 p.m. Published Dec 7, 2022, 1:12 a.m.

Smart contract auditing platform Sherlock's stakers would likely stomach a $4 million loss in the FTX contagion. (Wikimedia Commons)