Market Maker Auros Files for Restructuring

Market maker Auros has just filed for a restructuring after the company lost access to $20 million it had on FTX following the bankruptcy of the company.

According to Auros, the amount represents a “substantial portion of the assets” of Auros.

The market maker transacted through “a series of loans and financing agreements with various lenders.” After the bankruptcy of FTX, the company ceased all its operations.

The market maker became this year a member of Clearpool, a lending protocol centered on institutional investors.

Kaiko analysts reported last month on the “Alameda Gap,” a significant drop in liquidity in the crypto market associated with the bankruptcy of Sam Bankman-Fried’s trading firm.