From pexels, edited on app

Is Crypto.com Next?

By Yugocean | Crypto Champion | 15 Nov 2022


After the fall of FTX, many other platforms started falling, now the new araising name is "crypto.com", not to rise, but to fall. 

The Strong Platform 

Crypto.com is a strong platform; it has partnered in many areas. like an education partnership with Carnegie Mellon University's CyLab Institute in the US for research on blockchain education or a social partnership with Matt Damon's Water.org to provide clean drinking water to people. However, even FTX was a strong platform. 


Questionable Excuse for Reserve

Recently, the CEO of Crypto.com claimed that $400 million of ETH was accidentally sent to the wrong wallet by the platform, but it was returned by the recipient.T his is suspicious; it can only be considered a trick that crypto.com is trying to prove its reserve without accepting proof-of-reserve.


Problems Started

Bitboy, who warned on SBF, also warned on crypto.com. Binance CEO CZ (which ended the FTX empire with the FTT liquidation) has also cast doubts. Although Crypto.com hasn't stopped withdrawals yet, but, some are pending too, ithid raised doubts about it.

 

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Yugocean
Yugocean

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Crypto Champion
Crypto Champion

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