Complete Story
11/15/2022
Investors Pull Funds From Crypto.com After $400M Mishap
PYMNTS.com
Cryptocurrency exchange Crypto.com is trying to reassure investors following a weekend that saw customers pull millions in funds after its chief executive announced that the company had mishandled a $400 million transaction.
The news comes at a precarious time for the crypto industry, following the fast-moving collapse last week of the FTX exchange.
Kris Marszalek, CEO of the Singapore-based exchange, said on Twitter the transfer was sent to the wrong type of account on a different exchange.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more information
Resources
Your electronic library to help in fighting financial fraud for all of our partners.
more information