Invictus Capital Defaults On $1M TrueFi Loan

Invictus Capital has defaulted in paying a $1 million TrueFi loan. The debt was uncollateralized due to Invictus’ good reputation at the time. However, with the collapse of the Terra project, the company has been unable to fulfill its financial obligations.

TrueFi Announces First Default on BUSD Loan by Blockwater Technologies

TrueFi has issued its first notice of default on the BUSD loan to Blockwater Technologies. The firm owes TrueFi over $3.4 million and has only been able to pay $645,000.