Crypto Investment Firm Blockwater Defaults on $3.4M Loan from TrueFi

The lending protocol said that despite efforts to restructure the loan, Blockwater failed to make a scheduled payment on time.

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Blockwater Technologies Fails To Make $3.4 Million DeFi Loan

Blockwater Technologies, a South Korean blockchain investment company, missed payments on a loan from TrueFi, a decentralized lending platform, according to a statement released by TrueFi on Sunday. The declaration claims that TrueFi gave Blockwater a “notice of default” on October 6 after it defaulted on a $3.4 million loan in stablecoin (BUSD). Given the complexity […]

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Blockwater Technologies Defaults Loan from TrueFi

The blockchain investment firm has only managed to repay $654,000 of its outstanding debt following the restructuring decision. However, the firm failed to make payment on time and the debt currently amounts to $3 million. (Read More)

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