Cryptocurrency

"Crypto Trader Auros Global Misses Payment on DeFi Loan as FTX Contagion Spreads"

2022-11-30 [vendor] Auros misses loan payment [chain] ethereum
Primary Source ↗
Blockchain(s) Ethereum

Incident Details

Crypto trading firm Auros missed a payment on its 2,400 wETH ($3 million) loan from the Maple defi lending project. According to M11 Credit, the operator of the credit pool from which Auros has taken the loan, this was due to “a short-term liquidity issue as a result of the FTX insolvency”.In total, Auros has 8,400 wETH ($10.7 million) and $7.5 million in USDC in loans from M11 credit pools, plus another $2.4 million in loans from the Clearpool defi lending project, for a total of more than $20 million in unsecured loans.

Technical Details

Vendor / Product
Auros misses loan payment

Timeline

  1. 2022-11-30 Breach occurred
  2. 2022-11-30 Publicly disclosed