Crypto trading firm Auros Global issued a supplementary statement in response to reports of its bankruptcy filing, stating that “Auros filed for a ‘low intervention’ (light touch) provisional liquidation, filed in early November. The application was granted by BVI Courts, which allowed the affected Auros entities to explore potential restructuring options while continuing to do business under the supervision of Joint Provisional Liquidators and in accordance with an agreed protocol. Following the successful implementation of the restructuring, it is expected that Auros’ business will return to normal.”
Foresight News previously reported that the encrypted trading company Auros filed for bankruptcy protection after $20 million worth of assets of the company were held on FTX.