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Babel Finance Borrowed $10M from Orthogonal USDC Pool on Maple, Says Maple Finance

Institution lending protocol Maple Finance announced that Orthogonal Trading, a crypto trading firm, acknowledges there is a $10M loan to Babel Finance from the Orthogonal USDC pool on Maple. Orthogonal has been in daily contact with Babel management since Babel halted withdrawals and is focused on protecting the interests of lenders. Previously, Maple Finance said that Celsius and Three Arrows Capital had never borrowed from Maple.
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