Nexus Expects Loss on Maple Credit Pool Invest as FTX Contagion Spreads

According to a statement on Monday, the alternative insurance provider Nexus Mutual anticipates losing money on its stake in a credit pool on the significant decentralized lending platform Maple Finance. Nexus Announces to Remove Funds According to a warning from Nexus, the recent default of Orthogonal Trading might result in a loss of 2,461 ether (ETH), or $3 million. The alternative insurance provider also announced that it has begun to remove all monies from the impacted wrapped ether credit pool. According to the statement, this accounts for 1.6% of Nexus’s assets. Following a public vote, Nexus placed 15,463 ETH, or The post Nexus Expects Loss on Maple Credit Pool Invest as FTX Contagion Spreads appeared first on Cryptoknowmics-Crypto News and Media Platform .