After FTX, one of the rapidly growing cryptocurrency exchanges of recent years, went bankrupt within days, investors are questioning crypto exchanges again. Many cryptocurrency The exchange announced that it will switch to a proof-of-reserve system to regain the trust of its customers. Some stock exchange executives announced the amount of assets and wallet addresses of their companies during the week.
Singapore-based cryptocurrency exchange Crypto.com officially announced their cold wallet addresses. While analyzing exchange wallets, independent crypto experts uncovered a shocking incident from the past.
A name from the crypto community, who shared on-chain data on Twitter with his followers, shared that the Crypto.com exchange had recently “accidentally” sent tens of millions of dollars worth of ETH to another exchange.
Thousands of ETH “Accidentally” Transferred to Another Exchange!
According to Etherscan data, from the cold wallet address of the Crypto.com exchange Gate.io 320 thousand to the stock market Ethereum sent. sent ETH The current monetary value of the tokens is $ 400 million.
After the million-dollar transfer, the discussion between the crypto community on Twitter flared up. However, Kris Marszalek, CEO of Crypto.com, made a statement about the controversies.
The CEO confirmed the erroneous transaction made by the exchange. Marszalek explained that the exchange accidentally sent cryptocurrencies to a trusted address instead of transferring them to a cold wallet.
According to the data, Gate.io exchange returned 320,000 Ethereums to Crypto.com in about 2 weeks.
Relevant Statement from Binance CEO CZ!
Making a statement after this issue came to light, CZ used the following statements:
This is an obvious issue if an exchange has to move large amounts of crypto before or after revealing wallet addresses. Stay away. Stay safe!
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. stay #SAFU. 🙏
— CZ 🔶 Binance (@cz_binance) November 13, 2022
Stating that he would be more forthright about rival companies in the past days, CZ implied that different exchanges might come to the point of bankruptcy in the future.
These statements about Crpyto.com after this statement yesterday reveal that CZ is pointing to Crypto.com as the next company to go bankrupt.
After this news, Bitcoin experienced a decrease of about 2 percent and regressed to $ 16,500.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!