Crypto.com’s Sinking Token Stirs Fresh Anxiety After FTX Wipeout
- Exchange’s Cronos token has lost $1 billion in past week
- Digital-asset sector is bracing for contagion from FTX crisis
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The one constant in digital assets right now is fear and its latest object is Crypto.com, an exchange whose sponsorship of sports like Formula One racing and the soccer World Cup has popularized its brand.