November 2022, the partnership exchange's token, Cronos, lost approximately $1 billion in value. The decline was caused in part due to concerns after the collapse of FTX, whose executive team was revealed to have used its native token, FTT, to prop up the balance sheet of a sister company and to have allegedly engaged in other fraudulent behaviors. On 14 November, Marszalek, the firm's CEO, assured users that the exchange was functioning as normal.

On June 9, 2023, Crypto.com announced plans