After all those news, with the collapse of the FTX and Bankruptcy of Block Fi, is it true that Crypto.com is next?? After twice in 18 Months sent Million Dollars to Wrong Users
1) Crypto.com CEO noted that they had taken further steps to forestall a future recurrence of erroneous transfers. In September 2022, news broke that Crypto.com mistakenly sent over $7 million to an Australian woman instead of sixty-eight US dollars. Interestingly, the crypto firm only realized the error seven months after a financial audit.
2) The company had sent 320k units of Ethereum token to another exchange, Gate.io. In response to the allegation, CEO Marszalek said they intended to move the funds to another cold storage, but it was erroneously “sent to a whitelisted external exchange address.” Notably, the wrongly transferred fund represented a significant percentage of Crypro.com’s entire asset in its cold storage. The recipient of the wrong transfer returned the funds days after.
1) Crypto.com CEO noted that they had taken further steps to forestall a future recurrence of erroneous transfers. In September 2022, news broke that Crypto.com mistakenly sent over $7 million to an Australian woman instead of sixty-eight US dollars. Interestingly, the crypto firm only realized the error seven months after a financial audit.
2) The company had sent 320k units of Ethereum token to another exchange, Gate.io. In response to the allegation, CEO Marszalek said they intended to move the funds to another cold storage, but it was erroneously “sent to a whitelisted external exchange address.” Notably, the wrongly transferred fund represented a significant percentage of Crypro.com’s entire asset in its cold storage. The recipient of the wrong transfer returned the funds days after.