PANews reported on October 11th that Crypto.com CEO Kris Marzsalek responded in a tweet, stating that "the system is operating perfectly and the FUD is unfounded." A Wintermute executive (@Arn_Wintermute) also expressed confusion over the "unfounded FUD." Rumors of Wintermute and Crypto.com being severely impacted/liquidated had previously circulated on Telegram channels, but no official announcement or downtime had been made, and multiple users reported that withdrawals and transactions were proceeding normally.