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Crypto Trader Auros Global Misses Payment on DeFi Loan As FTX Contagion Spreads

Auros Global, a crypto trading firm, is the latest to face liquidity problems following the FTX collapse as it missed payment Wednesday on a decentralized finance (DeFi) loan.

The firm borrowed 2,400 of wrapped ether (wETH), worth about $3 million, from a credit pool on Maple Finance, a DeFi lending platform.

“Auros is experiencing a short-term liquidity issue as a result of the FTX insolvency,” credit pool manager M11 Credit tweeted.

(by Krisztian Sandor)

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