BTC logo
BTC
$111,028.87
0.72%
ETH logo
ETH
$4,018.20
1.85%
USDT logo
USDT
$1.0004
0.04%
BNB logo
BNB
$1,181.88
0.16%
XRP logo
XRP
$2.4169
3.02%
SOL logo
SOL
$193.68
4.64%
USDC logo
USDC
$0.9999
0.01%
TRX logo
TRX
$0.3218
1.42%
DOGE logo
DOGE
$0.1977
2.76%
ADA logo
ADA
$0.6722
3.90%
HYPE logo
HYPE
$37.72
2.13%
LINK logo
LINK
$18.07
4.46%
USDE logo
USDE
$0.9999
0.04%
XLM logo
XLM
$0.3251
3.41%
BCH logo
BCH
$522.90
2.28%
SUI logo
SUI
$2.6808
4.65%
AVAX logo
AVAX
$21.87
3.38%
WBT logo
WBT
$42.07
0.60%
LEO logo
LEO
$9.6273
0.04%
HBAR logo
HBAR
$0.1794
4.44%
BTC logo
BTC
$111,028.87
0.72%
ETH logo
ETH
$4,018.20
1.85%
USDT logo
USDT
$1.0004
0.04%
BNB logo
BNB
$1,181.88
0.16%
XRP logo
XRP
$2.4169
3.02%
SOL logo
SOL
$193.68
4.64%
USDC logo
USDC
$0.9999
0.01%
TRX logo
TRX
$0.3218
1.42%
DOGE logo
DOGE
$0.1977
2.76%
ADA logo
ADA
$0.6722
3.90%
HYPE logo
HYPE
$37.72
2.13%
LINK logo
LINK
$18.07
4.46%
USDE logo
USDE
$0.9999
0.04%
XLM logo
XLM
$0.3251
3.41%
BCH logo
BCH
$522.90
2.28%
SUI logo
SUI
$2.6808
4.65%
AVAX logo
AVAX
$21.87
3.38%
WBT logo
WBT
$42.07
0.60%
LEO logo
LEO
$9.6273
0.04%
HBAR logo
HBAR
$0.1794
4.44%
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Crypto Firm Orthogonal, Victim of FTX Contagion, Now Faces Internal Dissent

Shortly after Orthogonal got served with default notices on $36 million of crypto loans from Maple Finance, the firm’s credit team published a statement saying it was “speechless” and unaware of the extent of the trading team’s exposures.

By Krisztian Sandor
Updated Dec 6, 2022, 8:30 p.m. Published Dec 6, 2022, 8:22 p.m.
Rancor and dissent have broken out between units of Orthogonal Trading after $36 million of loan defaults on the crypto lending platform Maple Finance. (Charles Altamont Doyle/Creative Commons, modified by CoinDesk)
Rancor and dissent have broken out between units of Orthogonal Trading after $36 million of loan defaults on the crypto lending platform Maple Finance. (Charles Altamont Doyle/Creative Commons, modified by CoinDesk)