WORST Case for Crypto.com (Victim of 2.1 Billion Dollar Ponzi Scheme)

Today we take a look at the terrible situation Crypto.com has found itself in due to no fault of their own. Their payment processor, Wirecard, has been found to be running a giant Ponzi scheme type fraud and had $2.1 billion worth of funds missing. This was discovered by Ernst and Young, the third biggest accounting firm in the world. EY, an Ernst & Young subsidiary stated that the scheme was so complex no audit would have uncovered it. MCO has hit quite the dip, but CRO is still hanging tough and has not dipped. In my opinion, Crypto.com has done nothing wrong and was not negligent. They are victims in this situation.

I have been bullish on these Crypto.com tokens in the past. Does this situation change anything? How will this Wirecard scandal affect the future price of MCO and CRO?

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