Nexus Mutual is exposed to Orthogonal's Trading default on Maple Finance for a $3 million loss and seeks to withdraw ETH reserves.
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 token down more than 24%, cuts ties with Orthogonal Trading following $36 million defaultMaple is down 24.7% in the past day as crypto hedge fund Orthogonal Trading defaults on $36 million in loans.
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