- Crypto.com CEO Kris Marszalek admitted the exchange accidentally sent $400 million in Ethereum to DeFi competitor Gate.io. Instead, the company intended to send the crypto to cold storage.
- Though the rival company returned the 320,000 ETH, the mistake made CRO, Crypto.com’s native token, tumble.
- This mistake is the company’s second accidental multi-million dollar transfer, sparking uncertainty after the collapse of FTX.
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Oops: Crypto.com Sends $400M In Ethereum To The Wrong Wallet
