Crypto.com is not going away, according to CEO Kris Marszalek during a live interview on the company’s YouTube channel. Marszalek stated in the interview that the exchange has a strong balance sheet and that its exposure to FTX is limited to $10 million. Part of the market’s distrust of Crypto.com stems from the exchange’s recent $400 million blunder, in which it sent ether to an account at an exchange called Gate.io by mistake. Crypto.com’s CRO token has dropped nearly 45% in the last week on fears that the Singapore-based exchange will be the next to face a liquidity crisis. According to Nomics data, the exchange’s daily volume has dropped from around $4 billion last year to around $284 million this past October, and withdrawals are on their way back up as users and investors withdraw their funds from the platform.
