Auros Misses $3.1M Loan Payment on Maple Finance
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News
- Auros Misses $3.1M Loan Payment on Maple Finance
- First Merge Testnet to Shut Down as Ethereum Moves Ahead on PoS
- SBF Says He ‘Did Not Commit Fraud’ in Latest Public Comments
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DeFi Explainers
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News
FTX Fallout
Auros Misses $3.1M Loan Payment on Maple Finance
Pool Delegate M11 Credit Cites FTX Exposure
By Owen Fernau

Auros, a crypto trading firm which claims on its LinkedIn profile to account for a “significant proportion of global cryptocurrency volume,” has missed a loan payment of 2,400 wrapped Ether (wETH), worth $3.1M as of Nov. 30. The news comes via M11 Credit, the counterparty which made the loan.
Read the full story in The Defiant
The Merge
First Merge Testnet to Shut Down as Ethereum Moves Ahead on PoS
Ropsten Testnet to be Decommissioned This Month
By Samuel Haig

Ropsten, the first public testnet to support Ethereum’s transition to a Proof of Stake system, will be shut down this month, the Ethereum Foundation announced Tuesday. The Merge went live on Ropsten in June in an important step forward for the most important upgrade in Ethereum’s history. Ropsten’s remaining validator nodes will stop supporting the network between Dec. 15 and Dec. 30.
Read the full story in The Defiant
Sponsored Post

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FTX Crisis, SBF Speaks
SBF Says He ‘Did Not Commit Fraud’ in Latest Public Comments
‘I Have a Duty to Talk to People,’ Disgraced Founder Says Despite Threat of Self-Incrimination

The swift collapse of FTX was a “massive failure of oversight, of risk management,” disgraced founder Sam Bankman-Fried said in a live interview Wednesday evening. The hour-long virtual interrogation, which capped off the New York Times’ annual Dealbook Summit in New York City, was Bankman-Fried’s first live appearance since a run on customer deposits forced FTX to halt withdrawals and eventually file for bankruptcy.
Read the full story in The Defiant
DeFi Explainers
What are ZK-Rollups?
A Step-by-Step Guide to the Transaction Verification Tool

Thanks to their distributed structure, blockchains tend to be slow. If a single transaction has to be verified across thousands of Ethereum’s nodes, this also makes the network expensive to use. Layer 2 systems are a potential answer to this issue, with rollups as the most popular scaling method. Zero-knowledge (ZK) rollups use the minimum data necessary to verify transactions by unburdening Ethereum from excess network workload. This makes Ethereum both faster and cheaper.
Read the full story in The Defiant
Defiant Video
Podcast Video
Making Web 3 More Accessible
Podcast Video
Making Web 3 More Accessible
