Crypto trading firm Auros Global emerged from court-supervised provisional liquidation last week following a major debt restructuring and secured a deal led by traditional high-frequency trading firm Vivienne Court Trading and listed bitcoin miner Bit Digital (BTBT). $17 million in new investment.

According to the company, prior to the FTX crash, Auros was one of the top 10-15 digital asset market makers, handling about 1-2% of all crypto trades. The company ran into liquidity problems in November, when about $20 million in digital assets was trapped on the now-defunct FTX and failed to pay about $18 million in decentralized finance (DeFi) loans. After filing for provisional liquidation in the British Virgin Islands, the company spent about five months negotiating under court supervision how to pay outstanding debts and pay creditors. Benjamin Roth, chief investment officer of Auros, said the firm is recovering from the shock of FTX.

Auros received a sealed court order from a British Virgin Islands judge last Wednesday to end the provisional liquidation process, according to a company spokesman.