Posted on 11/13/2022 11:18:06 AM PST by catnipman
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” address belonging to its corporate account at Gate.io.
[competitor] Binance CEO Changpeng “CZ” Zhao appeared to allude to the situation in a tweet on Sunday morning, stating: “If an exchange have to move large amounts of crypto before or after they demonstrate their wallet addresses, it is a clear sign of problems. Stay away.”
(Excerpt) Read more at theverge.com ...
crypto "exchange" "accounts" are NOT BANK ACCOUNTS ... all your crypto belong to us ...
Invest in crypto they said......you’ll clean up they said.......totally secure they said....
ain’t technology grand???
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