The global crypto market is trading under increased uncertainty due to the collapse of FTX, a cryptocurrency exchange. However, growing problems for another crypto exchange, Crypto.com, have worried the market participants.
Crypto.com mishandled ETH trnx
As per reports, Crypto.com saw a massive pullout by investors over the weekend as Company’s CEO, Kris Marszalek admitted to mishandling the $400 million transaction. He mentioned that the transfer was sent to the wrong type of account on another exchange.
Twitter users flagged a heavy transaction of moving $400 million worth of Ethereum on October 21, 2022. They highlighted to some other transfers between other small platforms and exchanges as evidence. Meanwhile, Marszalek has assured that it was done accidentally and the tokens have been recovered.
However, Crypto.com CEO comments have failed to regain the confidence of the investors. Its native token, Cronos price has dropped by a massive 50% in the last 7 days. This comes as a hu
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