The firm has faced a legal dogpile from various state and federal regulators within the U.S. as scrutiny on lenders ramped up over the past year.
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Maple Finance Severs Ties With Orthogonal Trading, Alleging It Misrepresented Financial PositionOrthogonal 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 sndr_krisztian MTVDS1 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. 0xSifu sndr_krisztian boulish.
Source: CoinDesk - 🏆 291. / 63 Read more »
Maple Finance cuts ties with Orthogonal Trading over alleged misrepresentation of financesAccording to Maple Finance, Orthogonal Trading had been “operating while effectively insolvent” and is in need of outside investment to run. According to Maple Finance, she decided to cut all ties with the company because she had misrepresented her finances and only recently admitted on Dec. 3 that she couldn't pay her loan payments. That's a complicated thing! Do you agree with Maple's position?
Source: Cointelegraph - 🏆 562. / 51 Read more »