Crypto.com Recovers $990M from FTX and Withdrawals Working as Expected, Says CEO

Kris Marszalek, CEO of Crypto.com, said on a Twitter AMA today that the exchange has a strong balance sheet. Crypto.com recovered $990m from FTX, and its exposure to FTX was limited to $10m.

Kris Marszalek said withdrawals from the platform are working and will continue to work. In addition, he said $CRO has never been used as loan collateral, and the business is cash flow positive. "We're never going to raise funds," he added.

Source

Crypto com

Exchanges

In This Article

Related News
Bitget will legally pursue 8 accounts suspected of profiting $20 million from VOXEL trading manipulation Bitget will legally pursue 8 accounts suspected of profiting $20 million from VOXEL trading manipulation
Non-KYC exchange eXch to close down under money laundering scrutiny tied to Lazarus Group Non-KYC exchange eXch to close down under money laundering scrutiny tied to Lazarus Group
MEXC Extends DEX+ Platform to Binance Smart Chain Users MEXC Extends DEX+ Platform to Binance Smart Chain Users
MEXC Partners With Hacken to Increase Security Standards MEXC Partners With Hacken to Increase Security Standards
BitMEX hit with additional $100 million fine over Bank Secrecy Act violations: report BitMEX hit with additional $100 million fine over Bank Secrecy Act violations: report
Latest News More More
1 Day Ago Daily Market Wrap | Aug. 15
2 Days Ago Daily Market Wrap | Aug. 14
3 Days Ago Daily Market Wrap | Aug. 13
4 Days Ago Daily Market Wrap | Aug. 12
5 Days Ago Daily Market Wrap | Aug. 11
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open