Crypto firms look to soothe jitters as Binance announces recovery fund

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By Charlie Conchie Crypto exchanges have looked to cool investors’ fears of contagion today as the industry is rocked by the shockwaves of FTX’s collapse last week. In an ‘ask-me-anything’ on Youtube, the boss of Singaporean-based exchange Crypto.com, Kris Marszalek, insisted the firm had a strong balance sheet and was not exposed to the ripples of the FTX implosion. Marszalek was facing questions from customers over his transfer of over $400m worth of Ethereum to a secure ‘cold storage’ address, which was mistakenly sent to another exchange address. “At no point were the funds at risk of bein…

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