Over the weekend I have been following the saga that is the collapse of FTX. It happened so quickly that people didn't get a chance to react and many have lost millions.

Now, I'm seeing some concerning news about crypto.com. In the screenshot below from Shegen you can see that crypto.com is moving crypto around to validate their "proof of reserves". 

I get it, mistakes happen. But moving that much etherum has to set those alarm bells ringing. It does for me.

I'm concerned that crypto.com will be the next exchange to go under. 

NDAX, Uphold, Coinsquare and Newton have all sent out emails to reassure their customers that everything is running smoothly with their respective product, but I'm still to receive anything from crypto.com. 

That is my main concern really, that they're being silent on emailing their customers. It also doesn't help that they're moving currencies around, seemingly randomly.

I guess we have to wait and see. 

Photo credit: Shegen