TechFlow reports, citing a governance forum post, that tokenized loans on Centrifuge, a blockchain-based credit platform, are nearing default, putting MakerDAO's $1.84 million investment at risk of loss.
ControlFreight, the insurer of the loan pool, warned that the largest borrower in this $2.7 million pool is facing liquidation due to a legal dispute.
Due to an intellectual property dispute, Australia's Supreme Court has appointed a liquidator to wind down the company’s operations and freeze all payments to creditors, the post explained.
ControlFreight has already drawn $1.84 million in DAI from Maker to fund trade finance transactions and freight invoice financing.
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