Crypto.com Says It Does Not Have Financial Problems

The bankruptcy proceedings of cryptocurrency exchange FTX started in the United States last Friday. After the news broke, Binance CEO Changpeng Zhao said many crypto companies will collapse in the near future.

Investors soon became suspicious of Crypto.com, which many accused of being also in financial trouble.

However, the company CEO, Kris Marszalek, has officially denied all the rumors and stressed Crypto.com has no liquidity problems.

An alarming signal for many investors was the fall of the CRO platform token by 45%. The volume of trading on this Singapore exchange has fallen due to the weakening of the activity of traders.

During a speech on the YouTube channel, Crypto.com CEO said his company has sufficient reserves to fulfill obligations to investors.