Auros Global Successfully Emerges From Liquidation and Gains $17 Million Investment

03/21/2023 01:25 • AI Insights • 90 views

It is reported that Auros Global, a crypto trading company, terminated the court supervised interim liquidation last week after a major debt restructuring, and obtained a new investment of $17 million led by Vivienne Court Trading, a traditional high-frequency trading company, and Bit Digital (BTBT), a listed bitcoin mining company. （Coindesk）

Crypto trading company Auros has terminated provisional liquidation procedures and received $17 million in investment

Introduction

Auros Global, a well-known crypto trading company, successfully escaped the court’s interim liquidation last week through a major debt restructuring. The company then acquired a new investment of $17 million, led by Vivienne Court Trading, a traditional high-frequency trading company, and Bit Digital (BTBT), a listed Bitcoin mining company. This remarkable event has attracted the attention of many within the cryptocurrency community, with many asking how Auros Global gained this investment and what it means for the future of cryptocurrencies.

Auros Global’s Debt Restructuring and Liquidation

Auros Global’s troubles started when the company ran into a severe financial crisis, unable to pay off its debts to creditors. This led to the company seeking the courts’ help in appointing a liquidator who would oversee the company’s liquidation process. However, after thorough discussions with its creditors, Auros Global decided to withdraw its application for liquidation and instead go for a debt restructuring process.

The Investment

After managing to evade liquidation, Auros Global immediately looked into acquiring new investment opportunities to help boost the company’s liquidity. The company’s efforts finally paid off when it secured $17 million in a new investment led by Vivienne Court Trading and Bit Digital (BTBT).
According to sources close to the deal, the investment has given Auros Global much-needed breathing space and the opportunity to continue trading once again. Auros Global has expressed its deep gratitude to Vivienne Court Trading and Bit Digital for their trust and support throughout this process.

The Significance of the Investment

The investment is seen as a significant boost not only for Auros Global but also for the entire crypto trading industry. The investment indicates there is renewed faith and trust in the industry’s future, even in the midst of all the market volatility.
Furthermore, the fact that a traditional trading company like Vivienne Court Trading saw the value in investing in a crypto trading firm like Auros Global demonstrates the gradual acceptance of cryptocurrencies as a valuable financial asset. Bitcoin mining company Bit Digital’s involvement in the investment further reinforces this idea.

Conclusion

The investment of $17 million from Vivienne Court Trading and Bit Digital (BTBT) in Auros Global is a significant breakthrough for the crypto trading industry. It shows the industry’s sustained resilience and adaptability to financial turbulence.
This investment is a breath of fresh air for Auros Global, which has been struggling to stay afloat. It has given the company the chance to revive itself and continue trading once again. It also highlights the growing importance of partnerships between traditional financial companies and crypto trading firms.

FAQs

1. What led Auros Global to seek the courts’ help in appointing a liquidator?
– Auros Global ran into a severe financial crisis, unable to pay its debts to creditors.
2. Why was it essential for Auros Global to withdraw its application for liquidation?
– Through thorough discussions, Auros Global decided to go for a debt restructuring process instead of liquidation.
3. What is the significance of the $17 million investment for the crypto trading industry?
– The investment indicates there is renewed faith and trust in the industry’s future, even in the midst of all the market volatility. It also demonstrates the gradual acceptance of cryptocurrencies as a valuable financial asset.

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