Judged by arena naming rights, Crypto.com is next

Does that table show what the company owns directly on behalf of customers, ie. customer positions, or what the company has decided to speculate in, using customer funds and/or their own reserves?

 

That was quick:

 

Good question. I am afraid it is the later...

 

This is how you go bankrupt:

 

So maybe those ETHs weren't accidentally sent, but:

 

So maybe it has already started....

 

Well there are always new firms popping up wanting to take over the naming rights...

Adult Website Offers Miami Heat $10 Million For Arena Naming Rights After FTX Collapse
https://brobible.com/sports/article/miami-heat-naming-rights-ftx/


Probably more reputable than FTX.

 

Good grief.

 

Crypto.com May Be On The Verge Of Insolvency Amid Scam Allegations
https://coinchapter.com/crypto-com-verge-of-insolvency/