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Aurory

What to say about November…we thought we had seen it all in crypto and that the bear market couldn’t get any worse, but we, like many others, were completely blindsided by the sudden collapse of the FTX empire earlier this month. Our thoughts go out to the users and other projects who were affected by this event. For Aurory Project, the blow we took was limited to 15% of our treasury, and although it isn’t a small sum, we are grateful for our co-founders’ foresight earlier this year to move as much of our treasury off of custodial wallets, like FTX, into cold wallets, where they are protected from the unpredictable contagion of events like the LUNA fiasco and now the FTX collapse. Unfortunately, we weren’t able to remove all of our treasury as we needed to leave a certain amount of liquidity for market making.

State of Aurory Address - November 2022

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https://aurory.substack.com/p/state-of-aurory-address-november

Aurory telegram news 03 December 2022 01:01