How Did Crypto.com “Accidentally” Send More Than 320,000 Ether To Rival Exchange Gate?

November 13, 2022

Hello Bubble Riders! Here is a weekly update on crypto news:

Even with all that has been going on between FTX and Binance, there has been yet another new occurrence in the Crypto world. Today, a Twitter user posted a screenshot inquiring why a large amount of ETH had suddenly moved out of Crypto.com a few weeks ago.

On October 21, 2022, Crypto.com “accidentally” sent 320k ETH of user deposits to Gate.io
October 28, 2022, Gate shows “proof of reserves” and then sends 285,000 ETH back
However, CEO, Kris Marszalek claimed that the transfer was a result of human error

It seems that even crypto experts make mistakes and accidentally send crypto to the wrong address!

However, that’s why The Art of The Bubble is here. We provide you a solution to prevent these silly mistakes from happening!

If you found this helpful, Subscribe to The Art of the Bubble’s free newsletter.

Join us on Discord for live chat and daily updates. Find us on Twitter too

You found this content helpful ?

1
Join our free weekly "Bubble Bulletin" for more
2
Join us on Discord for live chat and daily updates
3
Follow us on Twitter
4
Share this content using the buttons below :

Disclaimer

This piece of content is provided for educational and entertainment purposes only. Robin Technologies and Analytics LLC is the firm that distributes 1.2 Labs products. The firm does not provide individually tailored investment advice and does not take a subscriber’s or anyone’s personal circumstances into consideration when discussing investments; nor is Robin Technologies and Analytics LLC registered as an investment adviser or broker-dealer in any jurisdiction.

You should expect no financial returns one way or another based on statements contained herein. These points hold equally for any statements that could be attributed to The Art of The Bubble or any related business entities or personnel operating in association with Robin Technologies and Analytics LLC.

If you decide to buy or invest in anything, then your returns and potential losses are your own. No statements about taxation are taxable advice and you are encouraged to consult your own tax professional. You are also encouraged to do your own due diligence before investing in anything.

TAGS:

crypto, Crypto market, crypto news, Ethereum

May 28, 2024

Mt. Gox Bitcoin Transfers Cause Market Jitters

January 3, 2023

We Wont Bring Any Bad Luck From The Crypto Space in 2022 as 2023 Begins With A Reason To Celebrate: Happy Fourteenth Birthday Bitcoin!

July 23, 2022

What Happens When Politics Intersect With The Crypto World? Senator Elizabeth Warren Hopes To Pass a Bipartisan Bill Called The Digital Asset Anti-Money Laundering Act.

How Did Crypto.com “Accidentally” Send More Than 320,000 Ether To Rival Exchange Gate?

November 13, 2022

Mt. Gox Bitcoin Transfers Cause Market Jitters

We Wont Bring Any Bad Luck From The Crypto Space in 2022 as 2023 Begins With A Reason To Celebrate: Happy Fourteenth Birthday Bitcoin!

What to Do When You’re Late to A Bubble

The Most Interesting Resource of Financial Terms You’ll Ever Read

2x Bargain Flips with Late-Launch Cryptos

Rumor Bought, News Sold, Now Buy Again! Whales Are Net-Buying ETH After A Successful Merge

NFT’s Lag The Crypto Market; Momentum Is Still Weak In Most Tokens

The Latest On XRP; Will XRP be a good buy in July 2023?

What Happens When Politics Intersect With The Crypto World? Senator Elizabeth Warren Hopes To Pass a Bipartisan Bill Called The Digital Asset Anti-Money Laundering Act.

Polygon Labs and Fabric Unveil Revolutionary Cryptography Chip to Accelerate Blockchain Innovation

September 2024: A Pivotal Month for U.S. Crypto Regulation and DeFi Innovation

EigenLayer Unveils 86 Million Token Stakedrop as Restaking Protocols Face TVL Decline

Wire Network Unveils Open-Source, Gas-Free Blockchain for AI Economy

Crypto Heist: Hackers Move $230M in Stolen WazirX Funds Through Tornado Cash

Radix Cuts Workforce by 15% to Streamline Operations, Safeguard Key Projects, and Fuel Ecosystem Growth

OpenSea Faces SEC Enforcement Threat: A Pivotal Moment for NFT Regulation

Telegram CEO Durov Arrested in France Over Criminal Allegations

Eigen Labs: Bypassing Crypto Regulations in the U.S.