Orthogonal Trading 'is effectively insolvent' and was 'misrepresenting its financial position' to one of its creditors, M11 Credit, decentralized finance lender Maple Finance said. sndr_krisztian reports
it decided to severe ties with crypto firm Orthogonal Trading, alleging that the firm was"misrepresenting its financial position" and its ability to repay a loan from the protocol.credit pool managed by M11 Credit
Maple said that the firm has been"operating while effectively insolvent," and did not communicate that it would be unable to service its debt.
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