Crypto.com: FTX's exposure is below $10 million, and after the funds were deposited, other tokens were purchased and transferred back

ChainCatcher message, Crypto.com CEO Kris responded on Twitter regarding the transfer of approximately $1 billion to FTX, stating "Our exposure to FTX is minimal (less than $10 million), and we only used it as a trading venue to hedge customer trades, never using funds for FTX or any third-party profits."

Kris also mentioned that Crypto.com deposited USDC into FTX to purchase other tokens, which were then transferred back to Crypto.com's wallet, "for exactly the same reason, Coinbase also had $15 million in FTX, as some FTX-related tokens (SRM, RAY, etc.) only had good liquidity on FTX." (source link)