Orthogonal Tradingโs insolvency, triggered $31 million of loans in the credit pool to default this week. The bad debt represents 80% of the credit poolโs outstanding loans. When Sherlock invested in the pool, however, Orthogonalโs borrowings only accounted for 14% of the poolโs loans.
Crypto Audit Platform Sherlock Expects $4M Loss From Troubled Loans on Maple Finance As FTX Contagion Grows
