Key Takeaways




Auros borrowed 2,000 wETH ($2.6 million) with a 14-day maturity on November 27, three days before M11 Credit’s statement on Auros’ short-term liquidity crunch.



M11 Credit states its working with Auros to provide a joint statement that would provide further information to lenders.




Crypto trading firm Auros Global is the latest company in a growing list of firms to face liquidity scares owing to the FTX contagion. On Wednesday, Auros missed a principal payment on the 2,400 wETH loan, worth around $3 million, borrowed from the credit pool on Maple Finance, a Decentralised lending platform.



Auros borrowed 2,000 wETH ($2.6 million) with a 14-day maturity on November 27, three days before M11’s statement about Auros’ short-term liquidity crunch. This was revealed to the public by institutional credit underwriter M11 Credit, which manages liquidity pools on Maple Finance, in a Twitter thread.



“Auros is experiencing a short-term liquidity issue as a result of the FTX insolvency,” the tweet reads. M11 Credit further adds that it’s working with Auros to provide a joint statement that would provide further information to lenders.




We remain committed to providing transparent updates whenever possible, and are working with Auros to provide a joint statement that provides further information to lenders. If you have any questions, feel free to reach out at [email protected] 5/5 — M11 Credit (@M11Credit) November 30, 2022




M11 Credit stated that missed payment is not an indication the loan is in default. As per smart contracts, the missed payment has now triggered a 5-day grace period. Auros has until December 5 to make the late payment before it is declared as being in default.




A thread on @maplefinance WETH pool specifically, and issues with a borrower @Auros_global – who have now come to borrow a huge chunk of this pool… Auros loans have been extended in both the WETH pool (for a rather small 2000 ETH) and 7.5 million USDC in another pool twice!