In response to these worries, Gokal admitted the outages and blamed them on the platform’s quick expansion. He reassured users that the team was actively working to address the fundamental problems and enhance the system’s stability. Gokal stressed the significance of taking lessons from these occurrences and look at the site here putting them into practice to minimize similar disruptions in the future. The value of the Shiba Inu token, SHIB, has experienced a significant drop of more than 16% since the start of May, casting a gloomy shadow over its future. If the current trend continues, May could potentially become the most disastrous month for SHIB since November 2022, when it faced a 24.9% decline following the collapse of FTX, a major cryptocurrency exchange. The disclosure is coming after the exchange promised users more transparency in the wake of FTX going bankrupt. Marszalek also assured users that Crypto.com8217;s exposure to FTX was less than $10 million — a figure he considers to be 8220;very little compared to our global revenues surpassing $1 billion for two consecutive years.8221;