Auros has filed for bankruptcy protection due to the freezing of approximately $20 million of corporate assets in FTX.
After a difficult November, a new era has begun in the crypto industry. The collapse and bankruptcy of FTX led to millions of losses. This collapse, in which billions of dollars of assets evaporated, drove many crypto organizations into bankruptcy. As the end of the year is approaching, a new move has come from Auros. The market maker has filed for bankruptcy protection, citing its assets stuck in FTX.
Auros Requests Liquidator from Court
With the bankruptcy of crypto exchange FTX, Auros, whose company assets of $ 20 million were frozen, actually went bankrupt.
The company stated that it could not continue without these assets and applied to the court for bankruptcy protection. According to court documents, Auros has completed the necessary process to initiate bankruptcy proceedings in the British Virgin Islands.
Exposed to FTX, the trading platform continued its operations by making a series of deals with various lenders. However, according to the files, the company is in a position to show continuity.
The trading platform requested a court liquidation order and requested Interpath Advisory as its liquidator.