You can expect a hard crypto winter but isn’t going anywhere, CEO Kris Marszalek said during a live interview hosted on its YouTube channel.

This week,’s CRO token has dropped almost 45% There are concerns that the Singapore-based exchange could be the next to experience a liquidity crisis. The exchange’s daily volume has collapsed from last year’s highs of around $4 billion to about $284 million this past October, according to data from Nomics, and withdrawals are on their way back up Users and investors can remove funds from the platform.

Marszalek said that the exchange maintains a strong balance and that its exposure to FTX is limited to $10,000,000.

“We recovered $990 million from FTX,” Marszalek stated, pointing out the necessity of fund flows between exchanges.

A audit of It is in progress, but it will take time. Audit firms “don’t work at crypto speed,” He stressed that Both the industry and the government need to be transparent in order for them both to move forward.

He reiterated that withdrawals are working as expected. Ray, SRM, GALA and SRM are the only areas of concern.

“SRM is closely tied to FTX,” He stated.

Marszalek stated that CRO,’s token, has never been used as loan collateral, unlike the relationship between FTX and Alameda and FTX’s token, FTT.

“We’re never going to raise funds,” He stated that the business was cash flow positive.

One of’s more controversial moves has been stadium sponsorship, with eye-watering price tags. There are questions about how effective It is essentially a sales funnel. Marszalek states that it is worth the investment and reminds people that contracts are paid annually.

“We pay a small amount every year, which amounts to around 10% of our revenue. This is not crazy compared to other companies,” He stated. “Growth to 70 million users is not possible without some investment into brand awareness.”

Part of the market’s mistrust of might stem from the exchange’s recent $400 million mishapIt accidentally sent ether to an account on an exchange called This was the second mistransfer of money by the company. It was discovered that the exchange had been made in August. had sent $10.5 million to a woman in MelbourneIt took seven years to notice.

Marszalek explained to us that all addresses for these transfers are whitelisted. The destination address was’s corporate account at Gate.ioThe funds were then returned to the original owners. raised the corporate account’s daily transfer limit.

“The funds were at no risk of being lost,” Marszalek said. “The system would not allow us to send money somewhere it can’t be recovered.”

Some crypto Twitter users speculate that this was part a scheme to boost the value of bitcoin.’s holdings before its proof of reserves were published, Marszalek said this was not the case.

As for’s critics Marszalek says he’s looking forward to proving them wrong with actions and words.

“Their allegations have no substance,” He stated.

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