Insurance alternative Nexus Mutual is expecting to take a loss on its investment in a credit pool on Maple Finance, a large decentralized lending platform, according to a statement released Monday. Nexus warned about a potential loss of 2,461 ether (ETH), some $3 million, from Orthogonal Trading’s recent default and said it started to withdraw all funds from the affected wrapped ether credit pool. This represents 1.6% of Nexus' assets, according to the statement. (Coindesk)
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DeFi Risk-Sharing Protocol Nexus Expects Loss on Maple Credit Pool Investment as FTX Contagion Widens
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Cointime August 4 News Express
1.Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX -
Crypto community slams WazirX’s 'socialized losses' plan after hack
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Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX
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