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Crypto.com CEO Says They've Never Used CRO the Way FTX Handled FTT

“We’ve never utilized it in the way that FTX did – we never used it as collateral for any loans or anything. We run a very simple business. We are a regulated business – we’ve got licenses in all major jurisdictions,” Kris commented.

"We are open source contributor to Cronos. We've never utilized it in a way like FTX did. We have a very simple business, and we are regulated," says @cryptocom CEO @kris. pic.twitter.com/8cvow6WUrM

— Squawk Box (@SquawkCNBC) November 15, 2022

He also maintained that despite being launched by Crypto.com, Cronos remains an open-source, decentralized project housing about 400 projects currently building on it. He likened Cronos to a miniature version of the much-versatile Ethereum, noting that they are only an “open-source contributor.”

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