Cryptoknowmics
2022-11-14 14:30:24

Crypto.com CEO Asserts FTX Exposure Was Limited to $10M

After spending the following weekend in hot water following FTX’s petition for Chapter 11 bankruptcy protection, Crypto.com CEO Kris Marszalek went online to respond to urgent inquiries from the industry. A user disclosed a reportedly unintentional transfer of $4 million to a fully updated external exchange address on Friday, prompting users to withdraw money after the platform released cold wallet addresses for its main assets in an effort to boost transparency. Crypto.com Delivered Stablecoins to FTX On Twitter, there were additional worries that Crypto.com had delivered $1 billion worth of stablecoins to FTX. Marszalek responded to these worries via a The post Crypto.com CEO Asserts FTX Exposure Was Limited to $10M appeared first on Cryptoknowmics-Crypto News and Media Platform .

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