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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.

By Krisztian Sandor

Updated Dec 22, 2022, 7:32 p.m. Published Dec 22, 2022, 6:39 p.m.

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