Tuesday, November 15, 2022 ▪ 2:00 PM ▪
Accurate reading – by
Many believe that Crypto.com will be the next cryptocurrency exchange to fail after Terra and FTX. But for Chris Marsalek, the Crypto.com bankruptcy thesis is refutable. Transferring 320,000 ETH to Gate.io was just a simple, self-explanatory mistake. As for the issues with the delay in withdrawing cryptocurrencies on the platform, the company claims that everything will be strictly back to the way it was before.
” Crypto.com: We are currently experiencing delays in cryptocurrency withdrawals due to network traffic. We are currently monitoring this issue. »
The screenshot attached to this post shows a message shared by Crypto.com at his Telegram channel.
” System status update: pending withdrawals. Our team is working to resolve this issue as soon as possible. We apologize for this temporary inconvenience and thank you for your continued support. »
Recently, Crypto.com has only improved its reputation. On Sunday, November 13, for example, company CEO Chris Marsalek participated in a Youtube “Ask Me Anything” (AMA) in order to reassure investors in the face of potential bankruptcy. On occasion, he argued that his company had ” Very strong balance sheet “, and that the platform is operating normally despite prof transaction error from ETH.
” People are depositing, people are withdrawing, people are trading, there is pretty much normal activity there, just at a higher level He confirmed.
according to Elon Musk And the Jesse PowellSam Bankman-Fried has sullied the cryptocurrency picture to the highest degree. The collapse of his sprawling empire has caused consternation among enthusiasts.
Chris Marsalek, however, dismisses any possible clone of the FTX script in its ecosystem. The reason is that Crypto.com does not adopt the same practices as FTX.
” We as a company have never engaged in irresponsible lending practices, nor have we ever taken any risks to third parties. We do not operate a hedge fund, nor do we trade clients’ assetsAnd the We always have “1 to 1” bookings. Reports CNBC.
Marsalek manipulated other bleeding points during this exchange. Take the opportunity to talk about it necessary funds To run a cryptocurrency exchange as usual, a review to prove its existence, and a $1 billion loan granted to FTX in 2021… Crypto.com CEO Confident mentioned that 2021 and 2022 brought in $1 billion in revenue for his company, respectively.
Get a summary of the news in the cryptocurrency world by subscribing to our new serviceDaily and weekly so you don’t miss any of the essential Cointribune!
The blockchain and crypto revolution is underway! And the day the effects will be felt on the most vulnerable economy in this world, despite all hope, I will say I have something to do about it.