Auros Global Resolves Debt with Primary Creditor After FTX’s Collapse
Auros Global, a firm involved in market-making for the crypto industry, has agreed with its primary creditor to repay all of its debt.
The company experienced financial difficulties after FTX’s collapse last year.
Maple Finance, a DeFi credit platform, reconsidered how it would handle bad loans in the future due to Auros’ liquidity problems. M11 Credit, a credit solutions division of blockchain investment company M11 Group, stated that Auros plans to make its liquidity providers whole over time.
So far, Auros has paid back approximately 55% of its debt, with an additional 40% reissued for a maximum of nine months.
The remaining 5% has been reissued for a maximum of 90 days at 0% interest as a short-term facility. M11 Group said the outcome resulted from constructive negotiations with Auros over several months.
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The company had missed two loan repayments to M11 on Nov. 10, which resulted in provisional liquidation. Maple Finance and M11 Credit are taking steps to protect all liquidity providers in the affected M11 Credit Pools.
M11 Credit is working to recover $36 million in unpaid debt on Maple from Orthogonal Trading, a defunct digital asset trading firm. Auros and M11 Group have not yet provided comments on the situation.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
