Here’s Why You Should Avoid Crypto.Com — Ponzi Scheme.

Jacob King
6 min readJan 19, 2022

What is Crypto.Com? is a cryptocurrency exchange app that was founded in China in 2016. The company offers services to over 10 million users around the world, and has over 3000 employees. They’ve made global headlines after several massive sponsorship deals over the last few years. This includes partnerships with Formula One, the Serie A, the UFC, Paris Saint-Germain F.C., the Philadelphia 76ers, the Montreal Canadiens, and

The partnership included signing its co-founder, the actor Matt Damon, to serve as’s brand ambassador. In 2021, the company also purchased the naming rights to the Staples Center in Los Angeles, paying a reported $700 million to change the name to Arena.

You may also be familiar with Enron, when is famous for its massive corporate fraud scandal in the 90s. One thing this Arena Buy-Out reminds me of is when Enron did their branding glut, and bought the Enron Field Stadium. Two years after, Enron went bankrupt.

While does a relatively effective job at blending in with legitimate cryptocurrency companies, their entire business model is flawed and based on marketing rather than utility, sustainability, or value.

Who is Kris Marszalek?

Kris Marszalek is a self-described lifelong company builder, who started several firms before finally getting into the crypto industry with the company that eventually became He is also known for developing Beecrazy, a major e-commerce platform that was bought by iBuy Group Limited back in 2013.

He also infamously served as the CEO of Ensogo, which is an online discount retailer from Southeast Asia, plagued with multiple…

Jacob King

CEO of OracleHawk // Financial Analyst, Author, Entrepreneur. Sharing Crypto News, On-Chain Data, Charts, Market Trends, and more!