Crypto.com mistakenly sent more than 320,000 ether ($400 million) to a rival crypto exchange called Gate on Oct. 21. This was revealed today after a Twitter user posted a screenshot inquiring why a large amount of ether had suddenly moved out of Crypto.com a few weeks ago. The firm’s CEO, Kris Marszalek, replied to the tweet, saying that the transfer was a result of human error. Marszalek said someone on his team had erroneously sent about 80% of the ether in their reserves to a “whitelisted exchange.” The funds had been scheduled to move to a new cold storage wallet, he said. We worked with the Gate team and the funds were subsequently returned to our cold storage,” Marszalek said.
Cryptocom accidentally transferred 400 million worth of ETH to another exchange, CEO says
