Crypto.com balance sheet is strong with minimal FTX exposure: CEO
The crypto industry has been constantly hit with multiple crashes. The ongoing collapse of Sam Bankman Fried’s FTX has instilled extreme fear among the entire community. While several continued to speculate more downfalls of prominent exchanges, Crypto.com’s collapse was being highly discussed. Over the last week, the exchange’s native asset Cronos or the CRO token recorded a drastic drop of 43 percent. Following this, the community expressed concerns about another possible liquidity crisis. However, appearing in a recent interview, the CEO of Crypto.com Kris Marszalek affirmed that the exchange wasn’t going anywhere. Marszalek noted that it did have exposure to the dramatic collapse of FTX. However, this was limited to $10 million. He further went on to confirm that Crypto.com entailed a strong balance sheet. JUST IN: Crypto․com CEO says the company has a strong balance sheet and minimal exposure to FTX. — Watcher.Guru (@WatcherGuru) Nove...