Announced it was cutting ties <Speech_Female> with orthogonal trading, <Speech_Female> a large <Speech_Female> client believed to have <Speech_Female> misrepresented its <Speech_Female> financial position. <Silence> Maples <Speech_Female> decision follows <Speech_Female> the collapse of FTX, <Speech_Female> which is forcing <Speech_Female> the hands of overextended <Speech_Female> crypto lenders and <Speech_Female> borrowers. <Speech_Female> Orthogonal had <Speech_Female> borrowed over $500 million <Speech_Female> from maple, <Speech_Female> and its default <Speech_Female> caused a secondary <Speech_Female> knock on effect <Speech_Female> on nexus mutual, <Speech_Female> which potentially <Speech_Female> suffered losses of <Speech_Female> $3 million from <Speech_Female> exposure <SpeakerChange> to the company. <Speech_Female> <Speech_Female> Time for fun bits. <Speech_Female> <Speech_Female> Avenging the <Speech_Female> scammers. <Speech_Female> Joma, <Speech_Female> the creator of NFT <Speech_Female> project <Speech_Female> dagos, <Speech_Female> posted <Speech_Female> a hilarious video <Speech_Female> on Twitter, mimicking <Speech_Female> how SPF <Speech_Female> handled funds on <Speech_Female> FTX. <Speech_Female> The video <Speech_Female> portrays a conversation <Speech_Female> between <Speech_Female> Sam bankman fried <Speech_Female> in <Speech_Female> air quotes, <Speech_Female> who repeats that <Speech_Female> he's a philanthropist, <Speech_Female> and a customer <Speech_Female> who wants to deposit <Speech_Female> $8 billion <Speech_Female> on an exchange to <Speech_Female> trade. <Speech_Female> During the conversation, <Speech_Female> SPF is playing <Speech_Female> League of Legends. <Speech_Female> And when this <Speech_Female> customer finally gives <Speech_Female> SPF the $8 billion, <Speech_Female> the money <Speech_Female> is not <Speech_Female> so accidentally slipped <Speech_Female> into the hands of <Speech_Female> Alameda research, <Speech_Female> represented <Speech_Female> by a person smoking <Speech_Female> and gambling <Speech_Female> with the funds. <Silence> In a wise <Speech_Female> decision, the customer <Speech_Female> regrets giving <Speech_Female> his money to SPF <Speech_Female> and decides to ask for <Speech_Female> it back, but <Speech_Female> a bunch of FTT <Speech_Female> tokens get <Speech_Female> thrown in his face <Speech_Female> while SPF <Speech_Female> runs <SpeakerChange> away. <Speech_Female> You still <Speech_Music_Male> have my money, right? <Speech_Male> Oh, yes, of <Speech_Male> course. <Speech_Male> Yeah, <Speech_Male> here it is. <Speech_Male> <Music> <Speech_Music_Male> <Speech_Music_Male> Huh. Yeah, it looks a little <Speech_Male> bit different, but <Speech_Male> <Speech_Male> I guess that's fine. <Speech_Music_Female> <SpeakerChange> <Speech_Music_Female> All right, thanks so much <Speech_Female> for joining us today <Speech_Female> to learn more about <Speech_Female> V, the legal process <Speech_Music_Female> for Sam beckman <Speech_Music_Female> free to NFTX, <Speech_Female> check out the show notes for <Speech_Female> this episode. <Speech_Music_Female> Unchained is produced by <Speech_Female> me, Laura shin, <Speech_Female> without from Anthony <Speech_Music_Female> Eun, Mark Murdock, <Speech_Music_Female> Matt filtered <Speech_Music_Female> upon our <Speech_Music_Female> Sam shri rum, <Speech_Music_Female> Pam and Jim jar, shashank, <Speech_Music_Female> <Advertisement> and sale K <Speech_Music_Female> <Advertisement> transcription. <Speech_Music_Female> <Advertisement> Thanks for <SpeakerChange> listening.