collapse last week of Maintaining FTX Cryptocurrency Exchange bitcoin And other cryptocurrencies under pressure on On Monday, as rival exchanges sought to reassure nervous investors of their stability.
Chris Marsalek, CEO of Singapore-based Crypto.com has rejected suggestions that it might be in problem, saying in a youtube live platform address stream prove All the naysayers wrong.
“AMA (Ask Me Anything)” session Came after investors took to Twitter over Weekend to question the transfer of 400 million dollars worth of Ether tokens to Gate.io exchange on October 21.
Marsalek tweeted on Sunday to say that the ether was recovered and returned to the exchange, but the Wall Street Journal reported that withdrawals at Crypto.com soared over weekend.
proof checker of Marsalek said the stock exchange reserves report will be published within weeks on Monday, adding that the stock exchange did not participate in Any “irresponsible lending products”.
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.
feet FTX for bankruptcy on Friday, one of The highest Profile crypto explosions, after traders rushed to withdraw $6 billion from the platform in just 72 hours And the competition of Binance exchange abandoned A proposed bailout.
she was soaked in more Mess on Saturday after she said she was spotted unauthorized access Hundreds of analysts said of millions of dollar of assets Moved from the platform in suspicious circumstances.
New CEO of FTX John J. Third Ray on Saturday that the company was working with Law enforcement and regulatory agencies to mitigate problemHe was making every effort to secure it assets.
Sam Bankman-Fried, former CEO and founder of FTX, told Reuters some earlier of The transfers out of It was FTX result of “Confusing Inner Marks”.
Another cryptocurrency exchange Kraken said on Twitter on On Sunday, the accounts were frozen of FTX, Dependent Encoder trading Alameda Research and its executives.
We have been actively monitoring the latest developments with FTX property, is in Call with Law enforcement, Kraken’s account froze access Some of the funds we suspect are related with Fraud, negligence or misconduct ‘related to FTX’, a spokesperson for Kraken said in a permit.
Slither Bitcoin back below $16,000 early on Monday before recovering to trade Priced at $16774, up 2.8% on today. still, with Losses so far in November by 18% remains set for Its biggest monthly drop in percentage terms Since June when fallout from failure of stablecoin TerraUSD Inverted Markets.
FTX’s token I was worth just 1.3 dollars down 94% in November, while Crypto.com’s Cronos token half in The past A week to $0.06, according to price Coingecko website.
Investor nerves
FTX crash has occurred left Investors worry about unverified rumors, even as exchanges release details of reserves and pledged more disclosures.
“One of Floating theories are that exchanges moving Cryptography around the beach up Scale them up and make everything seem good Zenon Kaprun, founder of the company, said: of Kapronasia Financial Technology Consulting.
“that it like someone showing someone a bank Statement that you have $100 in Your account is at 2 pm today. At 1 p.m. the price may be $1 and someone just About $99, and at 4 p.m., you’ll send it in back … a shot tells us us Too little about actual health of exchange”.
Separately, the Asian micro-exchange AAX has suspended withdrawals over Weekend citing failures in an unnamed third-party Partner within the scheduled time system update.
AAX said it hopes to resume regular operations for All users in 7-10 days, but in A note to customers noted that: “In light of bankruptcy of one of The biggest in our field players last This week, cryptocurrency users are right concerned About playback and financial More of central digital asset exchanges”.
Changpeng Zhao, CEO of Binance, the world’s largest cryptocurrency exchange, tweeted that it would look to build an industry recovery box for help which was “otherwise strong in liquidity crunch more the details follow.
Binance, last Week, I signed a non-binding letter of intention buy FTX is not American assets but later abandoned The deal, precipitating its bankruptcy.
Zhao warned since then of A “cascading” crypto crisis.
Meanwhile, regulators continued to rally around FTX, which was itself a white knight investor. for Crypto projects fail in the summer.
Securities regulator in the Bahamas and financial Investigators are investigating possible misconduct over The Royal Bahamas Police said it was the collapse of FTX on Sunday.
Visa, the world’s largest payments processor, said on Sunday was cut off global credit card Agreements with FTX.
collapse last week of Maintaining FTX Cryptocurrency Exchange bitcoin And other cryptocurrencies under pressure on On Monday, as rival exchanges sought to reassure nervous investors of their stability.
Chris Marsalek, CEO of Singapore-based Crypto.com has rejected suggestions that it might be in problem, saying in a youtube live platform address stream prove All the naysayers wrong.
“AMA (Ask Me Anything)” session Came after investors took to Twitter over Weekend to question the transfer of 400 million dollars worth of Ether tokens to Gate.io exchange on October 21.
Marsalek tweeted on Sunday to say that the ether was recovered and returned to the exchange, but the Wall Street Journal reported that withdrawals at Crypto.com soared over weekend.
proof checker of Marsalek said the stock exchange reserves report will be published within weeks on Monday, adding that the stock exchange did not participate in Any “irresponsible lending products”.
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.
feet FTX for bankruptcy on Friday, one of The highest Profile crypto explosions, after traders rushed to withdraw $6 billion from the platform in just 72 hours And the competition of Binance exchange abandoned A proposed bailout.
she was soaked in more Mess on Saturday after she said she was spotted unauthorized access Hundreds of analysts said of millions of dollar of assets Moved from the platform in suspicious circumstances.
New CEO of FTX John J. Third Ray on Saturday that the company was working with Law enforcement and regulatory agencies to mitigate problemHe was making every effort to secure it assets.
Sam Bankman-Fried, former CEO and founder of FTX, told Reuters some earlier of The transfers out of It was FTX result of “Confusing Inner Marks”.
Another cryptocurrency exchange Kraken said on Twitter on On Sunday, the accounts were frozen of FTX, Dependent Encoder trading Alameda Research and its executives.
We have been actively monitoring the latest developments with FTX property, is in Call with Law enforcement, Kraken’s account froze access Some of the funds we suspect are related with Fraud, negligence or misconduct ‘related to FTX’, a spokesperson for Kraken said in a permit.
Slither Bitcoin back below $16,000 early on Monday before recovering to trade Priced at $16774, up 2.8% on today. still, with Losses so far in November by 18% remains set for Its biggest monthly drop in percentage terms Since June when fallout from failure of stablecoin TerraUSD Inverted Markets.
FTX’s token I was worth just 1.3 dollars down 94% in November, while Crypto.com’s Cronos token half in The past A week to $0.06, according to price Coingecko website.
Investor nerves
FTX crash has occurred left Investors worry about unverified rumors, even as exchanges release details of reserves and pledged more disclosures.
“One of Floating theories are that exchanges moving Cryptography around the beach up Scale them up and make everything seem good Zenon Kaprun, founder of the company, said: of Kapronasia Financial Technology Consulting.
“that it like someone showing someone a bank Statement that you have $100 in Your account is at 2 pm today. At 1 p.m. the price may be $1 and someone just About $99, and at 4 p.m., you’ll send it in back … a shot tells us us Too little about actual health of exchange”.
Separately, the Asian micro-exchange AAX has suspended withdrawals over Weekend citing failures in an unnamed third-party Partner within the scheduled time system update.
AAX said it hopes to resume regular operations for All users in 7-10 days, but in A note to customers noted that: “In light of bankruptcy of one of The biggest in our field players last This week, cryptocurrency users are right concerned About playback and financial More of central digital asset exchanges”.
Changpeng Zhao, CEO of Binance, the world’s largest cryptocurrency exchange, tweeted that it would look to build an industry recovery box for help which was “otherwise strong in liquidity crunch more the details follow.
Binance, last Week, I signed a non-binding letter of intention buy FTX is not American assets but later abandoned The deal, precipitating its bankruptcy.
Zhao warned since then of A “cascading” crypto crisis.
Meanwhile, regulators continued to rally around FTX, which was itself a white knight investor. for Crypto projects fail in the summer.
Securities regulator in the Bahamas and financial Investigators are investigating possible misconduct over The Royal Bahamas Police said it was the collapse of FTX on Sunday.
Visa, the world’s largest payments processor, said on Sunday was cut off global credit card Agreements with FTX.