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UPDATE: This piece has been updated on December 6, 2022, due to newly disclosed information and data
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The fallout of FTX has caused an industry-wide credit crunch which has negatively impacted many market participants
Auros, a digital asset market maker, has recently defaulted on one of its DeFi loans of $3M on Maple Finance and has gotten an extension of the repayment grace period from Maven 11 Credit
The missed payment comes amidst rumors of Auros’ exposure to FTX, indicating the likelihood of Auros’ liquidity problems
Auros’ DeFi positions also indicate the likelihood of undisclosed CeFi positions which may spell further trouble for the firm
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