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

Maple Finance, one of the largest unsecured credit platforms, said 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.

Orthogonal was due to pay back a $10 million USDC stablecoin loan from a credit pool managed by M11 Credit on Dec. 4, according to a Maple credit dashboard. The firm has been a significant borrower on Maple, and also was a manager and underwriter of a credit pool on Maple.

(by Krisztian Sandor)

Maple Finance

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