[ccpw id="5"]

.

HomeNewsCrypto Company Auros Fails to Repay $7.5M Loan

Crypto Company Auros Fails to Repay $7.5M Loan

-

crypto market maker auroras, crypto lending platform Maple Financereceived from 7.5 milliondefaulted on the dollar loan.

The harsh winter in the crypto market has made it difficult for many projects to move forward. Recently, bankruptcy and liquidity problems have become very common. Especially FTX ‘s bankruptcy brought hundreds of crypto companies into the painful processes. In the developing and adopted crypto industry, the reflections of crypto projects draw attention. Crypto market maker, one of them auroras filed for bankruptcy protection yesterday. Immediately after this application, the company defaulted on the loan it received from Maple Finance.

Auros Defaults on Credit Withdrawn from Maple Finance Platform

crypto market maker auroraspulled from the unsecured lending platform 7.5 million defaulted on the dollar loan. The company could not make the regular payment of this loan.

Moreover auroras, Maple Financeon different based credits of $18 million failed to make the necessary payments of a debt. market maker, $10.8 millionmissed repayments after taking out a loan.

auroras, Maple Finance It is not the first company to default on a loan from . Moreover Orthogonal Trading He could not repay his loan. Crypto organizations are paying for these loan obligations they missed. FTXrelates to events.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

Galaxy Digital CFO Retires

The news of separation from Galaxy Digital, one of the largest Bitcoin mining companies in the world, came.

Yapı Kredi Yatırım/Murat Berk: Will the “everything bubble” burst?

“It is not in our hands to decide which direction one's life will take in the future. We should not think that we know better than our own nature, or else we ourselves...

FÖŞ wrote: Dark 10 years of humanity: 2020-30

The 550-page rich research titled “Declining Global Growth Potential” published by the World Bank 4 days ago will shed light on the 2023-2024 forecasts of the FÖŞ. Your book (PDF…

What is Velodrome Finance (VELO)?

Velodrome Finance is a DeFi platform built on the popular blockchain network Optimism.

Follow us

0FansLike
3,757FollowersFollow
0SubscribersSubscribe

Most Popular

spot_img