Market Making Firm Auros Files an Application for Bankruptcy Protection

Market making firm Auros filed to begin bankruptcy proceedings in the British Virgin Islands, court documents show.

According to Auros, when FTX filed for Chapter 11 bankruptcy protection in the United States, approximately $20 million worth of the company's assets were held on the FTX. With those assets frozen, Auros was effectively rendered insolvent.

Auros now seeks an order to be liquidated by the court, and it has proposed Interpath Advisory as its liquidator.