Crypto trading platform Auros secured $17M in fresh funding led by Vivienne Court Trading and Bit Digital, putting an end to its liquidity struggles.
The capital infusion helped the firm free itself from a court-supervised provisional liquidation last week.
Auros was caught in the wake of the FTX implosion, as $20M of its digital assets were stuck in the now-fallen crypto exchange.
- The move caused a domino effect, causing it to miss payments on nearly $18M worth of decentralized finance (DeFi) loans it had availed by then.
- Auros filed for provisional liquidation with the British Virgin Islands court.
- The firm spent five months restructuring its outstanding debt under court supervision.
- The firm was able to repay nearly 55% of its $18M DeFi loans and structure the remaining to nine-month and three-month repayment schedules.
- Primal Capital, Trovio, and Epoch Capital participated in the current financing.
