Kris Marszalek – CEO of CryptoCom – said his company has a stable balance sheet that presents no risk to customers.

He also vowed to disclose an audited proof of reserves in the following weeks and assured the firm has not engaged in any “irresponsible lending products.”

Marszalek said CryptoCom will publicly reveal what amount of cryptocurrencies it stores on behalf of its customers within the next few weeks. In addition, the organization will show it does not deal with any “irresponsible lending products.”

Members of the crypto community recently discovered a whopping 320,000 ETH (worth around $400 million at the time) were sent from one of CryptoCom’s addresses. Marszalek explained the funds were mistakenly transferred to a whitelisted external exchange address. In his most recent appearance, he reiterated his position:

Subsequently, the executive said CryptoCom’s exposure to FTX was limited to $10 million. He also revealed that the former recovered $990 million from the troubled exchange, outlining that fund flows between rivals are essential in the sector.