Bitcoin and other cryptocurrencies remain under pressure on Monday due to the repercussions of the collapse of FTX cryptocurrency exchange, with market participants Concern about large withdrawals on the Singapore-based Crypto.com exchange.
Crypto.com tweeted that CEO Chris Marsalek is leaving live on YouTube to answer questions about some transactions on The platform that sparked speculation and withdrawal of funds.
“A lot has happened in The last A week and there are many of Questions that we want Exchange said.
Questions about transportation of a big chunk of Ether symbols last A month from Crypto.com uploaded to another platform by user who Dug through transactions after the company posted Her cold wallet addresses online.
As Marsalek tweeted to say the ether, worth About $400 million, accidentally transferred and recovered, his comments failed to calm fears in a market already on edge after amazing public collapse of FTX last week.
The Wall Street Journal reports that withdrawals at Crypto.com are up over The weekend after Marsalek’s tweet. Twitter users have mentioned others transfers Among some other small platforms and exchanges such as possible Evidence that they were inclined on each other to the beach up Reserves.
Bitcoin slipped further into below $16,000, with losses bearing for month to 22.5%, while FTX token It was at $1.60 and down 94% in November. Crypto.com token Kronos has been cut in half in The past a week to $0.06.
“Confidence at a huge premium because of Transparency or lack of He. She in this industry. How would you rate any exchange you would trust right now, said Leonard Hoh, an Asia-Pacific center based in Singapore. head of BitStamp Exchange.
“in realityAll companies are tested on they ability To fulfill and comply with its obligations controls. The market he asks for real Evidence – proof. Instead of assuming the parties were acting in good Faith.”
Crypto.com is among the top 10 exchanges by trading volume globally, but it is smaller than FTX and market Binance leader. He. She made Addresses in 2021 after it signed a $700 million deal to rename the Staples Center in Los Angeles as the Crypto.com Arena, and got actor Matt Damon to promote the platform.
FTX infection
Meanwhile, the effects of collapse of FTX based in the Bahamas, which provided for bankruptcy on Friday after rush of Customer withdrawals and a failed rescue deal with Binance’s exchange competition, continues to affect the markets.
Securities regulator in the Bahamas and financial Investigators are investigating possible misconduct over collapse of The Royal Bahamas Police said the cryptocurrency exchange FTX on Sunday.
Bloomberg news You mentioned that the AAX exchange has suspended withdrawals.
Visa Inc, the world’s largest payments processor, said on Sunday was cut off global credit card Agreements with The collapse of the cryptocurrency exchange FTX.
Meanwhile, Binance CEO Changpeng Zhao tweeted that the exchange has never shorted FTT tokens.
chow abandoned an agreement with FTX President Sam Bankman-Fried (SBF) last week for buy FTX is not American assetswhich led to bankruptcy.
He has since warned of Cryptocurrency crisis “cascade” and on called Monday for Clearer regulation of the cryptocurrency industry.
“Full disclosure: Binance has never shorted an FTT. We still have a portfolio of Where we stopped selling FTT after SBF called me. very expensive call Zhao tweeted.
Bitcoin and other cryptocurrencies remain under pressure on Monday due to the repercussions of the collapse of FTX cryptocurrency exchange, with market participants Concern about large withdrawals on the Singapore-based Crypto.com exchange.
Crypto.com tweeted that CEO Chris Marsalek is leaving live on YouTube to answer questions about some transactions on The platform that sparked speculation and withdrawal of funds.
“A lot has happened in The last A week and there are many of Questions that we want Exchange said.
Questions about transportation of a big chunk of Ether symbols last A month from Crypto.com uploaded to another platform by user who Dug through transactions after the company posted Her cold wallet addresses online.
As Marsalek tweeted to say the ether, worth About $400 million, accidentally transferred and recovered, his comments failed to calm fears in a market already on edge after amazing public collapse of FTX last week.
The Wall Street Journal reports that withdrawals at Crypto.com are up over The weekend after Marsalek’s tweet. Twitter users have mentioned others transfers Among some other small platforms and exchanges such as possible Evidence that they were inclined on each other to the beach up Reserves.
Bitcoin slipped further into below $16,000, with losses bearing for month to 22.5%, while FTX token It was at $1.60 and down 94% in November. Crypto.com token Kronos has been cut in half in The past a week to $0.06.
“Confidence at a huge premium because of Transparency or lack of He. She in this industry. How would you rate any exchange you would trust right now, said Leonard Hoh, an Asia-Pacific center based in Singapore. head of BitStamp Exchange.
“in realityAll companies are tested on they ability To fulfill and comply with its obligations controls. The market he asks for real Evidence – proof. Instead of assuming the parties were acting in good Faith.”
Crypto.com is among the top 10 exchanges by trading volume globally, but it is smaller than FTX and market Binance leader. He. She made Addresses in 2021 after it signed a $700 million deal to rename the Staples Center in Los Angeles as the Crypto.com Arena, and got actor Matt Damon to promote the platform.
FTX infection
Meanwhile, the effects of collapse of FTX based in the Bahamas, which provided for bankruptcy on Friday after rush of Customer withdrawals and a failed rescue deal with Binance’s exchange competition, continues to affect the markets.
Securities regulator in the Bahamas and financial Investigators are investigating possible misconduct over collapse of The Royal Bahamas Police said the cryptocurrency exchange FTX on Sunday.
Bloomberg news You mentioned that the AAX exchange has suspended withdrawals.
Visa Inc, the world’s largest payments processor, said on Sunday was cut off global credit card Agreements with The collapse of the cryptocurrency exchange FTX.
Meanwhile, Binance CEO Changpeng Zhao tweeted that the exchange has never shorted FTT tokens.
chow abandoned an agreement with FTX President Sam Bankman-Fried (SBF) last week for buy FTX is not American assetswhich led to bankruptcy.
He has since warned of Cryptocurrency crisis “cascade” and on called Monday for Clearer regulation of the cryptocurrency industry.
“Full disclosure: Binance has never shorted an FTT. We still have a portfolio of Where we stopped selling FTT after SBF called me. very expensive call Zhao tweeted.