As regulators scrutinise FTX, investor focus swings to Crypto.com

The fallout from the collapse of crypto exchange FTX kept bitcoin and other cryptocurrencies under pressure on Monday, with market participants worrying about heavy withdrawals at Singapore-based exchange Crypto.com.

Crypto.com tweeted that its chief executive Kris Marszalek will go live on YouTube to answer questions around some transactions on the platform that had sparked speculation and fund withdrawals.

“A lot has happened in the last week and there are a lot of questions which we want to address,” the exchange said.

The questions around a transfer of a big chunk of ether tokens last month from Crypto.com to another platform were raised by a user who dug through transactions after the company posted its cold wallet addresses online.