Crypto.com CEO tries to reassure investors it has a strong balance sheet after the FTX collapse

With confidence in crypto shaken, the price of Cronos and other tokens has struggled in recent days.

The collapse of crypto exchange FTX is having ramifications across the crypto industry. Last week, crypto lender BlockFi paused withdrawals due to the “lack of clarity” surrounding “the status of FTX.com, FTX US, and Alameda.” That “lack of clarity”  is something investors of other exchanges are now worried about.

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