Looks like those rumours about crypto.com being in trouble made people massively withdrawing their funds from there as they recently shared the announcement that hey are "experiencing delays with crypto withdrawals due to network traffic" and I saw some people reporting that they have been waiting for 24 hours to get their crypto out. Well, at least I hope that's the reason and not that they are actually insolvent and that's what causing all those delays.
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.postimg.cc%2FtgdbXTnR%2Fphoto-2022-11-14-19-14-56.jpg&t=665&c=BgPBvLYXcjXPcA)
Yes, I saw those comments that were shared in social media. I have never used crypto.com, however, their users claim that withdrawals before were instant.
Also, I heard that crypto.com's CEO has released a statement telling everyone that the exchange is very solvent and safe. However, their CEO also released this statement which very head shaking.
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FRhRvqk5%2FDA85-E8-BA-5-ED8-456-C-9-C9-F-FBEC92-B9-CC6-F.jpg&t=665&c=TspaF5Nh9thi7Q)
If the coins he bought dump to zero, is this
hedging? To buy other coins called LUNA or FTT is hedging?