Maple Finance Severs Ties With Orthogonal Trading, Alleging It Misrepresented Financial Position

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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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0xSifu sndr_krisztian boulish.

KyleSGibson sndr_krisztian fully confused. what about ANY of this is 'decentralized'? there's a company that is going to try to get its money back using litigation and other means. which is how everything already works. you just use these words without any understanding or honesty. pathetic.

sndr_krisztian MTVDS1

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