FTX contagion spreads as hedge fund Orthogonal Trading defaults on $36m of debt

(Hedgeweek) Orthogonal Trading has become the latest victim of the fallout from the sudden collapse Sam Bankman-Fried’s crypto exchange FTX and trading house Alameda Research, with the cryptocurrency hedge fund having been declared in default on almost $36 million of loans, according to a report by Bloomberg.

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