Kris Marszalek moves to reassure customers that the crypto.com exchange is sound and takes no risks as a crisis of confidence remains evident across the sector.
The boss of cryptocurrency exchange Crypto.com has hit out at “naysayers” questioning its financial health amid jitters across the market following the collapse of rival exchange FTX.
Kris Marszalek, chief executive of Singapore-based crypto.com, insisted it had a robust balance sheet and took no risks after investors took to Twitter over the weekend to question a transfer of $400m of ether tokens to another exchange.
He used a ‘ask me anything’ discussion via YouTube to address the speculation over the 21 October transfer, which the Wall Street Journal reported had sparked a series of withdrawals, saying the tokens had been recovered.
“At no point were the funds at risk of being sent somewhere they could not be retrieved.
