Kris Marszalek, CEO of Singapore-based crypto exchange Crypto.com, refuted suggestions it could be in trouble, saying in a YouTube livestream address the platform would prove all naysayers wrong. Crypto.com is among the top 10 exchanges by turnover globally, but smaller than FTX and market leader Binance. Former CEO and FTX founder Sam Bankman-Fried has previously told Reuters some of the transfers out of FTX were a result of "confusing internal labelling". Another crypto exchange Kraken said on Twitter on Sunday it had frozen the accounts of FTX, affiliated crypto trading firm Alameda Research and their executives. The logo of FTX is seen at the entrance of the FTX Arena in Miami, Florida, U.S., November 12, 2022.

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