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Crypto.com sent $400 million to the wrong recipient, but got it back this time
Nov. 13, 2022, 4:26 p.m. | Emma Roth
The Verge - All Posts www.theverge.com
Illustration by Alex Castro / The Verge
Crypto.com just admitted to making another very large and concerning clerical error: it mistakenly sent 320,000 in Ethereum (~$416 million USD) to another cryptocurrency exchange, called Gate.io, about three weeks ago (via Web3 Is Going Just Great). In a post on Twitter, Crypto.com CEO Kris Marszalek says the company was supposed to send the crypto to one of its cold, or offline, wallets, but accidentally sent it to a “whitelisted” …
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