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Auros Global Falls Victim to FTX Bankruptcy, but Receives Relief from M11 Credit

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It is reported that the crypto trading company Auros Global is the victim of the bankruptcy of the crypto exchange FTX. Its main creditor, M11 Credit, said in …

Auros Global Falls Victim to FTX Bankruptcy, but Receives Relief from M11 Credit

It is reported that the crypto trading company Auros Global is the victim of the bankruptcy of the crypto exchange FTX. Its main creditor, M11 Credit, said in a statement on Wednesday that it had reached a resolution to restructure the bad debts of its blockchain-based loan agreement Maple Finance.

Auros Global restructured Maple Finance’s $18 million debt

Interpretation of the news:


Auros Global, a crypto trading company, has suffered significant losses due to the bankruptcy of FTX, a crypto exchange. The fallout has been felt across the industry, including in the Maple Finance blockchain-based loan agreement. Maple Finance’s primary creditor, M11 Credit, announced on Wednesday that it has achieved a resolution to restructure the bad debts incurred through the agreement, providing relief to Auros Global and other affected parties.

This news comes as little surprise to those who have followed the recent bankruptcy of FTX, which has had a ripple effect on the wider crypto trading community. Auros Global is one of many companies that has been impacted by the exchange’s sudden shutdown, as investors have been left stranded with no access to their funds.

The bankruptcy of FTX has revealed the risks associated with investing in the crypto trading world. While the industry has experienced significant gains in recent years, there are also significant risks associated with investing in digital assets. As more and more companies enter the market, it is essential that investors do their due diligence and carefully assess the risks involved.

The relief provided by M11 Credit also highlights the importance of creditors in the world of blockchain-based finance. As the industry continues to grow and evolve, it is essential that creditors and financial institutions are able to navigate the complex landscape of blockchain technology in order to provide much-needed support to companies in times of financial distress.

In conclusion, the bankruptcy of FTX has had a profound impact on the crypto trading industry, and Auros Global is just one company that has been caught in the crossfire. However, the relief provided by M11 Credit through its resolution to restructure the bad debts incurred through the Maple Finance blockchain-based loan agreement is a positive development, and a reminder of the important role played by creditors in the world of blockchain-based finance.

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