Maple Finance halted Alameda loans in May after seeing 'key weaknesses'

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After Orthogonal did its diligence in risk management, it claimed today that it spotted certain 'weaknesses' in Alameda's business.

Orthogonal Credit, which manages unsecured lending pools on Maple Finance, said it denied lending to Alameda earlier this year.

Orthogonal Credit, a delegate firm that manages lending pools on Maple Finance, said that earlier this year, it made a decision to not lend to Alameda Research, FTX exchange's sister trading firm that's now reeling under aAfter Orthogonal did its diligence in risk management, it spotted certain"weaknesses" in Alameda ahead of its ongoing crisis, it claimed today without going into specific details.

 

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