{"id":529668,"date":"2022-12-20T21:12:36","date_gmt":"2022-12-20T18:12:36","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/auros-global-expects-to-resume-regular-operations-following-restructuring-plan\/"},"modified":"2022-12-20T21:12:36","modified_gmt":"2022-12-20T18:12:36","slug":"auros-global-expects-to-resume-regular-operations-following-restructuring-plan","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/auros-global-expects-to-resume-regular-operations-following-restructuring-plan\/","title":{"rendered":"# Auros Global expects to resume regular operations following restructuring plan"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3071f966385\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3071f966385\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/auros-global-expects-to-resume-regular-operations-following-restructuring-plan\/#%E2%80%9D_Auros_Global_expects_to_resume_regular_operations_following_restructuring_plan_%E2%80%9C\" >&#8221; Auros Global expects to resume regular operations following restructuring plan   &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Auros_Global_expects_to_resume_regular_operations_following_restructuring_plan_%E2%80%9C\"><\/span>&#8221; Auros Global expects to resume regular operations following restructuring plan   &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTIvN2UzNWIyODYtY2M3NC00N2ExLWI0YWEtNTg1Yzg1ZWI5NWU5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-30a6cf80>Cryptocurrency trading firm Auros Global, which reportedly suffered a $20 million dollar exposure in the FTX collapse, has released a statement saying it plans to resume regular operations after implementing a restructuring plan.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Statement from Auros regarding recent references in the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a> \u2013 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/9RFHhYjHqz\">pic.twitter.com\/9RFHhYjHqz<\/a><\/p>\n<p>\u2014 Auros (@Auros_global) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Auros_global\/status\/1605227442838175745?ref_src=twsrc%5Etfw\">December 20, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Following the collapse of FTX, the cryptocurrency trading firm shared that it \u201cfound itself in a position where immediate liquidity was insufficient to satisfy recalls from lenders.\u201d However, its top management remained confident that they would be able to weather the storm caused by the FTX contagion.\u00a0<\/p>\n<p>In the issued statement, Auros also revealed that it <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lied for a kind of restructuring program that allows the current management team to continue to trade in the capacity of \u201cAuthorized Managers&#8221; under the supervision of an external advisory firm, while a restructuring plan is being formulated.<\/p>\n<p>The cryptocurrency trading firm anticipates operations will return to normal once the restructuring plan is fully implemented.\u00a0<\/p>\n<p>The company also highlighted that it applied for the &#8220;light touch&#8221; Provisional Liquidation order, which is commonly put into effect when businesses are \u201cbalance sheet solvent\u201d but \u201ccash flow insolvent.\u201d This allows the company\u2019s cash flow insolvency issues\u00a0to be quickly and effectively fixed by a corporate restructure.<\/p>\n<p><strong><em>Related:\u00a0<\/em><\/strong><strong><em>BlockFi files motion to return frozen crypto to wallet users<\/em><\/strong><\/p>\n<p>On Dec. 1, Cointelegraph reported that Auros Global missed a principal repayment on a DeFi loan of 2,400 Wrapped Ether (wETH) due to the FTX contagion. Institutional credit underwriter M11 Credit, which manages liquidity pools on Maple Finance, shared in a Twitter thread on Nov. 30 that the Auros had missed a principal payment on the 2,400 wETH loan, which was worth around $3 million in total.<\/p>\n<p>Auros Global is among a growing list of companies facing challenges in the wake of FTX&#8217;s collapse.\u00a0FTX, along with several other Sam Bankman-Fried-led companies, filed for Chapter 11 bankruptcy on Nov. 11.\u00a0<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/auros-global-expects-to-resume-regular-operations-following-restructuring-plan\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Auros Global expects to resume regular operations following restructuring plan &#8220; Cryptocurrency trading firm Auros Global, which reportedly suffered a $20 million dollar exposure in the FTX collapse, has released a statement saying it plans to resume regular operations after implementing a restructuring plan.\u00a0 Statement from Auros regarding recent references in the media \u2013&#8230;<\/p>\n","protected":false},"author":1,"featured_media":529669,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2022-12\/7e35b286-cc74-47a1-b4aa-585c85eb95e9.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74863,74860,135234,117,73711,4965],"class_list":["post-529668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-ftx","tag-business","tag-investments","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/529668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=529668"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/529668\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/529669"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=529668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=529668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=529668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}