Crypto.com CEO Shares Company's Crypto Reserve Addresses in the Wake of FTX Bankruptcy – Bitcoin News

  • 📰 BTCTN
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Crypto․com's Marszalek says a “proof-of-reserves audit preparation is underway” and the wallet addresses shared are the company’s cold wallets.

On Nov. 8, 2022, amid the collapse of one of the top cryptocurrency exchanges worldwide, FTX International, Crypto.com CEO Kris Marszalekhis Twitter followers that it was a “sad day for the industry.” Marszalek also added that the company has little direct exposure to FTX and stressed that his exchange “never engaged in irresponsible lending.”

“Our direct exposure to FTX meltdown is immaterial: less than $10m in our own capital deposited there for customers’ trade execution,” the Crypto.com CEO at the time. “That’s very little compared to our global revenues surpassing US$1 billion for two consecutive years,” he added.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 531. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Great job 👏🏻

Good news!

Nice

who are the shareholders of CRO?

Suuuuuuure

Ok, I only listen to ChiefraFba for signals!

United States United States Latest News, United States United States Headlines