Crypto.com in trouble?

[JamesDaniel90]

I have been investing in Crypto.com , now known as Cronos, since March this year.

I see it has been falling in the last 24 hours as many are panicking it could be one of the next exchanges in trouble.

I have just tried to deposit some money onto my crypto.com account and it has left my bank but not reached my account and this was over half an hour ago now, it usually reaches my account in a few minutes.

Is there currently a problem with deposits??

What does everyone think about crypto.com is it in trouble or should be ok?

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[Pterosaur]

I don't know how true is this but there is a transaction of funds between crypto.com and gate.io, you can go on Twitter if you want to read more about this, it looks suspicious..

Though Crypto.com team have come out in the open to defend themselves but I am not buying it.

It looks like almost all centralised exchanges are corrupt one way or the other.

[Ultegra134]

I've been hearing rumors regarding Crypto.com as well. These rumors, starting right after the FTX incident, are quite concerning and suspicious. From what I've read (and I'm also quoting the article below), Crypto.com is holding 20% of their assets in Shiba Inu, which is more than their Ethereum reserves, in a meme coin. My other guess is that someone or another major exchange is spreading rumors on purpose in an attempt to hurt Crypto.com and the market in general.

One thing is certain, though: trust in cryptocurrencies will be dented if another exchange goes down.

https://www.euro2day.gr/investments/crypto/article/2161051/ypoptes-kinhseis-apo-to-antallakthrio-cryptocom.html Article in Greek but could be translated into English.

[fzkto]

I don't know how true is this but there is a transaction of funds between crypto.com and gate.io, you can go on Twitter if you want to read more about this, it looks suspicious..

Though Crypto.com team have come out in the open to defend themselves but I am not buying it.

It looks like almost all centralised exchanges are corrupt one way or the other.

I read that this transaction was made after an audit of crypto.com to help gate.io. So it's not crypto.com that has the problem. Because after gate.io was audited, they returned the ETH amount back. True in my opinion crypto.com also has a problem - it is 20% of funds invested in shiba inu. So the owners of this exchange are even bigger gamblers than their users.

[JamesDaniel90]

It has been a hour now since sent money from my bank to crypto.com and have still not received funds.

I have however been able to send most of crypto I had on crypto.com to my ledger so at least most of it is off their exchange now.

Not looking good, does make me less confident now 

[Jaered]

I don't think so. Kris, the CEO of crypto.com came out on Twitter saying the deposit that was raising so much dust was done way back in March and to their whitelisted wallets. I think all this is fudded to manipulate the market and worsen the bear sentiments

[Strongkored]

It has been a hour now since sent money from my bank to crypto.com and have still not received funds.

I have however been able to send most of crypto I had on crypto.com to my ledger so at least most of it is off their exchange now.

Not looking good, does make me less confident now 

That's the best step in my opinion right now to avoid you losing all your assets or not being able to withdraw them because it turns out that this exchange is really in trouble, the CEO of cryptodotcom has explained there is no change in the withdrawal rules or there are no withdrawal restrictions https://bitcoinist. com/crypto-com-ceo-refutes-rumors-of-re/
but no one knows for sure what really happened, so your steps are right by pulling it

[o48o]

-cut-
One thing is certain, though: trust in cryptocurrencies will be dented if another exchange goes down.

I've been hearing lot's of warnings from reliable sources that more exchanges are going down as they are insolvent and i should withdraw everything imminently. I only have few hundreds left in some places for just in case i need to short something. But i agree with you, this would be a serious blow and it would mean more bear run and that we would have to wait for Bull run quite a while as trust has to be established again.

[blockman]

It has been a hour now since sent money from my bank to crypto.com and have still not received funds.

I have however been able to send most of crypto I had on crypto.com to my ledger so at least most of it is off their exchange now.

Not looking good, does make me less confident now 

That's what everyone is going to do when we saw some bad news about the exchange where we have left our funds. As those speculation or news have said about them depositing to Gate and then asking for them to send it back.
That has made the big news about them and I'm starting to feel that this is just another way of sending the market down. We're back in the days where every single news is affecting the market again unlike the last few years when it's not.

[o48o]

It has been a hour now since sent money from my bank to crypto.com and have still not received funds.
I have however been able to send most of crypto I had on crypto.com to my ledger so at least most of it is off their exchange now.
Not looking good, does make me less confident now 

I trust that they have problems and i wouldn't send anything there right now but in all fairness, last time i deposited in crypto.com ages ago it took way more then 1 hour for me even with cryptos. I can imagine that bank deposits in weekends will be even slower to process.

[AmoreJaz]

It has been a hour now since sent money from my bank to crypto.com and have still not received funds.
I have however been able to send most of crypto I had on crypto.com to my ledger so at least most of it is off their exchange now.
Not looking good, does make me less confident now  

I trust that they have problems and i wouldn't send anything there right now but in all fairness, last time i deposited in crypto.com ages ago it took way more then 1 hour for me even with cryptos. I can imagine that bank deposits in weekends will be even slower to process.

i think, it is more on because it falls on weekend, and if it is via bank deposit, it may take time. though should read announcements if they are having trouble with deposits. what i knew at the moment, is the deposit mistake of crypto.com to gate.io of about 320k ETH. however, they already got it back. try asking their support what's going on, they may have direct answer to you.

[devil2man]

Even if there is nothing concrete but only some rumors i also believe that crypto.com has some problems, in the last week the value of cronos has halved if there are no problems with crypto.com then there was no reason for such a steep descent

[zonefloor]

At the moment, all exchange platforms should be viewed as troublesome. Because ftx has seriously damaged the cryptocurrency market and I don't think this bad news will stop. When I look at the previous bear seasons, I think this season will be more wearisome. Because Cz has declared a war on all exchange platforms that can rival him with money power. Most importantly, I now think that this situation is collusion. Because someone is eyeing people's money by showing that they are bankrupt and putting the market in a state of panic.

[Minecache]

It has been a hour now since sent money from my bank to crypto.com and have still not received funds.

I have however been able to send most of crypto I had on crypto.com to my ledger so at least most of it is off their exchange now.

Not looking good, does make me less confident now 

Not only crypto.com is having rumors but even houbi and gate are having some false rumors after the FTX incident happened. I don't use crypto.com but I use houbi and depositing and withdrawing on houbi is fine. According to the developments that I read, crypto.com is having a non-transparent problem when transferring ETH to Gate.

Earlier on twitter CZ also warned any exchange that transfers funds before or after, after releasing proof of reserve, that the exchange is having problems. If you have funds left on any exchange then it is best to withdraw them all to your non-custodial wallet, bad things can happen at any time.

[crzy]

Even if there is nothing concrete but only some rumors i also believe that crypto.com has some problems, in the last week the value of cronos has halved if there are no problems with crypto.com then there was no reason for such a steep descent

The early you prepare the better, rumors are quiet true so if you don’t want to lose your money better to transfer it now on your hard wallet while you still can. There’s a lot of issues with exchanges right now, I can say that its not safe to hold with them anymore. This is not a FUD but a precautionary measure to protect your asset from any possibilities of getting hacked or lose the control over that crypto.

[kurniawan05]

I hope this is only a temporary issue and not an early sign of bankruptcy Crypto.com, if this happens then the bear market will get deeper and longer, to anticipate, you can move your assets to a safe place.

[nimogsm]

I have been investing in Crypto.com , now known as Cronos, since March this year.

I see it has been falling in the last 24 hours as many are panicking it could be one of the next exchanges in trouble.

I have just tried to deposit some money onto my crypto.com account and it has left my bank but not reached my account and this was over half an hour ago now, it usually reaches my account in a few minutes.

Is there currently a problem with deposits??

What does everyone think about crypto.com is it in trouble or should be ok?

The situation with FTX negatively affected the market, all major assets are red.I decided to withdraw all my savings from the exchanges to wallets that are only under my control until better times.It is better to wait for changes with the means that only I can control and not the exchange or another service.

[GreatArkansas]

It seems the contagion started if Crypto.com will follow FTX Exchange.
For me, there are some funds that are locked to Crypto.com, because of their high APY, but your funds are locked for 3 months, it's just sad because I just re-invested only a few days after these issues with centralized exchange happened.

[ahyadinnn]

What does everyone think about crypto.com is it in trouble or should be ok?

have you tried to contact cs contact? because right now Crypto.com is in trouble, you can check the information on twitter, and for now it's better not to use Crypto.com first,
 until they fix the problem, I don't know why they sent so much wrong etherium to the wrong wallet unknown.

[Kemarit]

I have been investing in Crypto.com , now known as Cronos, since March this year.

I see it has been falling in the last 24 hours as many are panicking it could be one of the next exchanges in trouble.

I have just tried to deposit some money onto my crypto.com account and it has left my bank but not reached my account and this was over half an hour ago now, it usually reaches my account in a few minutes.

Is there currently a problem with deposits??

What does everyone think about crypto.com is it in trouble or should be ok?

Really hard to speculate at this point as the market, market is on a shambles right now, everyone is very fearful, speculating as who is going to be next.

There's even a tweet about Binance halting withdrawals and for sure it has cause panic again in the market.

So by now, hard to give financial advise mate, but the only one that can answer to your question is crypto.com, maybe they are slowing down the withdrawals to not cause panic in a very volatile market that we are in in the last week.