Crypto

Crypto.com Breaks The Patience For Withdrawing Funds! How Will This Impact CRO Price?

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While the crypto market has just begun flashing green after getting severely impacted by the FTX wipeout, concerns regarding withdrawing funds from Singapore-based crypto exchange firm Crypto.com are peaking. According to some users on the platform, crypto withdrawals via bank transfers are taking longer than expected, fading the trust of users from Crypto.com. After the sudden collapse of popular crypto exchange FTX, the crypto community worries about securely storing funds in Crypto.com as users believe that it can be the next target of bankruptcy. 

Is Crypto.com Next After FTX’s Demise?

This year has brought a nightmare for crypto investors as multiple hacks, exploits, and the downfall of a popular crypto exchange FTX have darkened the future road of web3. Recently, several users of Crypto.com complained about the excessive time that it is taking to withdraw crypto funds from the platform to a bank account. 

A well-known crypto analyst and trader, MartiniGuyYt, raised a concern regarding a withdrawal of 2 BTC from Crypto.com that has been pending for 24 hours. He further expressed his doubts about its normalcy as he hinted at a bankruptcy for Crypto.com. However, it is reported that a small amount of transactions are executing smoothly, whereas huge transactions are facing difficulties. 

After all, the CEO of Crypto.com, kris marszalek