Amid FTX cryptocurrency exchange officially declaring bankruptcy, Crypto.com has published its proof of reserves in what the platform terms as promoting transparency. Crypto.com announced that an interim audit indicates that its reserves stand at approximately $2.9 billion. Meanwhile, BlockFi, the crypto lender bailed out by FTX earlier this year, has suspended withdrawals only two days after assuring users that it was fully operational. Is this just the beginning of the FTX contagion?
Amid FTX cryptocurrency exchange officially declaring bankruptcy, Crypto.com has published its proof of reserves in what the platform terms as promoting transparency. Crypto.com announced that an interim audit indicates that its reserves stand at approximately $2.9 billion. Meanwhile, BlockFi, the crypto lender bailed out by FTX earlier this year, has suspended withdrawals only two days after assuring users that it was fully operational. Is this just the beginning of the FTX contagion?
Guest: Ran Neuner, Founder CryptoBanter
Crypto Banter Youtube Channel ➜ https://bit.ly/BanterCryptoYT
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