To address the burning questions our user have been asking, our CEO, Kris has addressed the following. Crypto.
10 Nov 2022, 03:52
To address the burning questions our user have been asking, our CEO, Kris has addressed the following
1️⃣ Crypto.com's expose to FTX here
"Our direct exposure to FTX meltdown is immaterial: less than $10m in our own capital deposited there for customers’ trade execution.
That’s very little compared to our global revenues surpassing US$1 billion for two consecutive years."
2️⃣ Proof of reserve here
"We share the belief that it should be necessary for crypto platforms to publicly share proof of reserves and Crypto.com will be publishing our audited proof of reserves."
3️⃣ USDC / USDT via SOL network being disabled here
"USDT/USDC on other chains operate normally of course.
FTX was an important bridge/venue for SOL-based stablecoins, we do not want any additional risk to our users coming from this area, hence disabling it."
Same news in other sources
110 Nov 2022, 07:02
Crypto.com to Publish Audited Proof of Reserves, CEO Says
Source:
Crypto. com to Publish Audited Proof of Reserves, CEO Says. Source:.
Crypto.com to Publish Audited Proof of Reserves, CEO Says
Source:
https://www.bloomberg.com/news/articles/2022-11-10/crypto-com-to-publish-audited-proof-of-reserves-ceo-says?utm_medium=social&utm_source=twitter&utm_campaign=socialflow-organic&utm_content=crypto