BEAMSTART Logo

Crypto.com CEO downplays FTX contagion fears, says he’ll prove naysayers wrong as withdrawals rise

CNBC Finance LogoCNBC Finance1w ago

Crypto.com CEO downplays FTX contagion fears, says he’ll prove naysayers wrong as withdrawals rise - CNBC Finance

Quick Summary:

Crypto.com CEO Kris Marszalek said his firm had a "tremendously strong balance sheet" and wasn't engaged in the kinds of practices that caused FTX's collapse.

Marszalek said he expects Crypto.com to publish an audited "proof of reserves" within the next 30 days.

His comments come after the revelation Sunday that Crypto.com mistakenly sent $400 million worth of the ether cryptocurrency to Gate.io, another crypto exchange, in October, a mishap that raised fears Crypto.com users' funds may be at risk.Crypto.com and Gate.io said they were sent by mistake and were quickly returned to Crypto.com after the error was identified.


More Pictures


or

Article Details

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-15 @ 00:00:09 (1 weeks ago)

News Timezone: GMT -5:00

Ranking: #3513 (out of 3866 stories this day)

News Source URL: cnbc.com

Language: English

Article Length: 1221 words

Reading Time: 7 minutes read

Sentences: 31 lines

Sentence Length: 40 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CNBC Finance

News ID: 1767106

View Article Analysis

About CNBC Finance

CNBC Finance Logo

Main Topics: MarketsFinanceInvesting

Official Website: cnbc.com

Update Frequency: 2 posts per day

Year Established: 2005

Headquarters: United States

News Last Updated: 1 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #6

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Crypto.com CEO downplays FTX contagion fears, says he’ll prove naysayers wrong as withdrawals rise" has 1221 words across 31 sentences, which will take approximately 6 - 11 minutes for the average person to read.

Which news outlet covered this story?

The story "Crypto.com CEO downplays FTX contagion fears, says he’ll prove naysayers wrong as withdrawals rise" was covered 1 weeks ago by CNBC Finance, a news publisher based in United States.

How trustworthy is 'CNBC Finance' news outlet?

CNBC Finance is a fully independent (privately-owned) news outlet established in 2005 that covers mostly markets, finance, and investing news.

The outlet is headquartered in United States and publishes an average of 2 news stories per day.

It's most recent story was published 1 days ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #1767106
  • URL: https://beamstart.com/news/cryptocom-ceo-downplays-ftx-contagion-166879467658

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.