Cryptocurrency firm AurosGlobal misses DeFi payment, thanks to FTX
with the Securities Exchange and Commission last month revealed that the Texas-based mining company may run out of cash before the end of 2022.As per the smart contracts, Auros Global has a 5-day grace period to repay its loan. If it does not make the loan payment by 5 December, it will be declared in default.
In the event of a default, the borrower’s collateral could be liquidated and/or staked maple tokens and USDC on the platform used to cover any shortfalls to lenders. New York courts could also be used to pursue enforcement action. On 27 November, only three days before M11’s announcement about Auros’ short-term liquidity problems, the trading firm borrowed 2,000 wETH with a 14-day maturity. Auros owes M11’s wETH credit pool onIt should, however, be noted that an algorithmic trading and market-making firm, Auros has not yet addressed the statement by M11 Credit.Subscribe to get it daily in your inbox.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cryptocurrency exchange Kraken to cut about 1,100 jobs from its global work forceKraken cited tough market conditions that have crippled demand for digital assets this year as a reason for the job cuts
Read more »
Letter: It isn't just cryptocurrency that is cryptic‘Almost all governments are built on the centralized control of money. If money is decentralized, it’ll change how taxes are collected and how to pay the military and law enforcement structures. What then?’
Read more »
Cryptocurrency billionaire Vyacheslav Taran dies in mysterious chopper crashA third cryptocurrency heavyweight, Vyacheslav Taran, has died in the last few weeks under mysterious circumstances.
Read more »
Cryptocurrency billionaire Vyacheslav Taran dies in mysterious chopper crashA third cryptocurrency heavyweight, Vyacheslav Taran, has died in the last few weeks under mysterious circumstances.
Read more »
Cryptocurrency billionaire Vyacheslav Taran dies in mysterious chopper crashA third cryptocurrency heavyweight, Vyacheslav Taran, has died in the last few weeks under mysterious circumstances.
Read more »
Opinion: Doubling GST credit doubles down on poor targetingOttawa\u0027s GST credit is not well targeted to those in need, write Jason Clemens, Nathan Li and Milagros Palacios. Read on.
Read more »