Cryptocurrency Platform Crypto.com returned 320,000 ATH, which I mistakenly transferred to the exchange address Gate.io . This was announced by the head of the company Chris Marshalek.
November 11th Crypto.com disclosed information about the balances of hot and cold wallets. According to the Nansen dashboard, the platform holds more than $2.4 billion in digital assets. At the same time, over 22% of the funds are accounted for by the Shiba Inu meme token (SHIB).
After that, some users noticed that on October 21 Crypto.com sent 320,000 ETH (~82% of Ethereum on the balance of the platform) to the address Gate.io . Marshalek stated that the operation was performed by mistake.
It was supposed to be a move to a new cold storage address, but was sent to a whitelisted external exchange address. We worked with Gate team and the funds were subsequently returned to our cold storage. New processes and features were implemented to prevent this from reoccurring. — Kris Crypto.com (@kris) November 13, 2022
In Gate.io confirmed the refund. The founder of the exchange, Lee Han, noted that the published report on the state of the exchange's reserves does not take into account the information received from Crypto.com cryptocurrency, since the snapshot for the audit was completed on October 19.
Against the background of the FTX Group's bankruptcy, cryptocurrency exchanges began publishing information about reserves in digital assets. In particular, Binance and Huobi have already submitted similar reports.
