CryptoCom Recovered $990 Million from FTX, CEO Says Balance Sheet Strong

CryptoCom Recovered $990 Million from FTX, CEO Says Balance Sheet Strong

Kris Marszalek – CEO of CryptoCom – said his company has a stable balance sheet that presents no risk to customers.
He also vowed to disclose an audited proof of reserves in the following weeks and assured the firm has not engaged in any “irresponsible lending products.”
CryptoCom’s boss Kris Marszalek took part in a live-streaming YouTube address where he answered multiple questions regarding his firm’s status.
Despite the recent accusations, he guaranteed that the platform has a robust balance sheet, and users should not be concerned. The Polish entrepreneur stated CryptoCom will continue operating its business as usual to prove to “all the naysayers” that it is a reliable and safe venue:
“We will prove them all wrong with our actions.”
The collapse of the US-based exchange – FTX – infused significant panic in the space and many crypto participants feared that other trading venues could have liquidity holes and follow the footsteps of the distressed entity.
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