Crypto.com Recovers $990M from FTX and Withdrawals Working as Expected, Says CEO

Kris Marszalek, CEO of Crypto.com, said on a Twitter AMA today that the exchange has a strong balance sheet. Crypto.com recovered $990m from FTX, and its exposure to FTX was limited to $10m.

Kris Marszalek said withdrawals from the platform are working and will continue to work. In addition, he said $CRO has never been used as loan collateral, and the business is cash flow positive. "We're never going to raise funds," he added.