Auros Global, reportedly affected by the collapse of the $20 million FTX, issued a statement saying: It plans to resume normal operations after implementing the restructuring plan.
Following the fall of FTX, the company shared that The company is “in a state of insufficient liquidity to meet the recall from lenders,” however, the company’s top management remains confident it will weather the storm.
Auros also revealed that it has implemented a type of restructuring that allows the current management team to continue trading as a “Authorized Manager” under the supervision of an outside consulting firm. while formulating a restructuring plan It is expected that operations will return to normal once the restructuring plan is fully implemented.
On Dec. 1, Auros Global missed a loan repayment of 2,400 Wrapped Ether (wETH) due to the spread of the FTX impact, totaling approximately $3 million.
Auros Global is among a long list of companies facing the challenge of the FTX collapse.
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