The head of a cryptocurrency platform suspected of fraud has begun to defend himself

Cryptocurrency exchange Crypto.com CEO Chris Marshalek has started to refute rumors surrounding his platform, answering the most popular questions from users on YouTube. However, members of the crypto community do not trust Crypto.com.

According to Chris Marshalek, his exchange’s customers have nothing to worry about — the platform has no liquidity problems. «Our platform is working as usual. People are making deposits, people are withdrawing funds, people are trading, there is almost normal trading activity,» said Chris Marshalek.

However, the cryptocurrency community does not believe the words of the Crypto.com CEO, and there are good reasons for this. lookonchain analysts warned that 40% of Crypto.com's assets are low-liquid and urged investors to be more careful with their cryptocurrency savings. Lookonchain also reported fake asset transfers even before the firm, Binance-prozvituvala-pro-te-skilky-kryptovalyuty-zberigayetsya-na-platformi/" data-wpel-link="internal">following Binance, released its proof of reserves. Crypto.com was found to have withdrawn $ 210 million from Binance and $ 50 million from Circle before announcing its own reserves. Чанпен Чжао" href="https://noworries.media/biography/chanpen-chzhao/" data-bio-id="3681″ data-wpel-link="internal">Changpeng Zhao, who had previously stated that he did not believe in Crypto.com's solvency, reiterated his concerns on his Twitter over the weekend.

Also over the weekend, the rate of Crypto.com's native token, CRO, showed a drop. From a daily high of $ 0.078, the price of the cryptocurrency dropped by 28% to settle at $ 0.056. Over the week, the token showed a decline of 50%.

Earlier it became known that representatives of Crypto.com «accidentally» sent 320,000 Ethereum tokens to Gate.io. The problem has now been resolved. However, this is not the first time that Crypto.com has transferred significant amounts to unknown addresses.