The tokenized loan default of Centrifuge resulted in a $1.84 million investment loss for MakerDAO.

According to BlockBeats news on August 25th, the tokenized loan on the blockchain-based credit platform Centrifuge is about to default, resulting in a loss of $1.84 million for MakerDAO. The troubled credit pool underwriter, ControlFreight, warned on Friday that the largest borrower in the $2.7 million pool is facing liquidation due to legal disputes. Maker's current exposure is $1.84 million with a debt ceiling of $2 million. It is reported that Centrifuge and ConsolFreight have manually adjusted the fund pool so that no additional redemption or subscription will be made. However, Centrifuge suggests that MakerDAO also submit a formal redemption as soon as possible to prepare for future distribution of profits proportionally.