Crypto com coin - This major exchange, Crypto.com, could also plunge drastically. How could it not, when Crypto.com constantly faces issues with its systems? Despite protests from CEO Kris Marszalek stating that all client funds are safe, accounted for, and backed by a healthy balance sheet, the exchange's appearance on CNBC may have undone all that good work.

When asked by CNBC on Tuesday whether Crypto.com held tokens on its balance sheet, Marszalek said it was a “very conservatively run business” that held “mostly fiat and stablecoins as our capital source. “Yes, but how much?” CNBC’s Becky Quick asked, reminding Marszalek that FTX had “billions of dollars” in its own FTT token before it filed for bankruptcy.
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Aftermath of the Crypto com Coin Case, What's the Relationship with FTX?

 
As reported earlier today, Liquid exchange could be added to the list of companies suspending withdrawals. And there’s some FTX contagion in France as well. In a tweet thread discussing this from Journalducoin’s editorial manager, he explained that their sister company – tradingducoin (founded by the same guy who created journalducoin.com), has over €10 million worth of user funds locked up in FTX. (additional reporting by Victor Bartolo)

Tradingducoin.com is an auto trading application that uses FTX to place orders through its API.

Will bitcoin reach $10k?

Bloomberg Intelligence analyst Mike McGlone thinks bitcoin could fall to $10,000 as a result of the contagion impact of the FTX collapse.
“Right now, that bearish wave is trying to break out,” said Mike McGlone, an analyst at Bloomberg Intelligence, who predicts Bitcoin could hit $10,000. He expects a recovery at some point, but “who knows when?”
Such is FTX’s pervasive presence in the crypto space, there are likely few companies who are completely unaffected by its activities and the trail of counterparty risk it leaves behind. According to court papers filed Tuesday, FTX believes the number of creditors could be more than 1 million. Bitcoin is currently valued at $16,562.
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FTX hacker's identity now known – $400 million stolen

Meanwhile, the funds that were siphoned from FTX wallets on Saturday have had some movement from those funds:
Through a series of transactions on the CoW protocol and Finance Smart Chain involving addresses linked to the FTX hack, the hacker has amassed an ETH balance of 228 million, worth $284 million at the time of writing. The address can be checked here: https://etherscan.io/address/0x59abf3837fa962d6853b4cc0a19513aa031fd32b The address is ranked 34th on the list of largest ETH address balances: https://etherscan.io/accounts/2 It also now seems more likely that the hacker was not a professional – far from it. In order to pay for the transaction fees, the hacker foolishly transferred crypto from his Kraken account. Kraken has strict KYC rules which means that the hacker’s identity is now known, as confirmed by Nick Percoco, Kraken’s chief security officer:
Cybersecurity firm Hacken estimates that the stolen amount may be closer to $400 million from the previous figure of $600 million. You can update Crypto com coin news through GIC articles with other news that you can update every day. Don't forget to use an ECN account when trading at GIC so you can enjoy trading with low spreads starting from zero.