Crypto.com is in the news again for another blunder of sending assets to the wrong address, something they’ve been doing alot of lately. This time, they sent 320K ETH to Gate.io, a DeFi protocol, which represented 82% of Crypto.com’s ETH holding at the time of this writing. Gate.io returned 285K ETH back, and after analysis, they confirmed that was the only amount sent to that particular address. On-chain data shows the 35K missing to have been sent to another address on top of that.
Wow. All I can say is someone’s going to get fired for that. If that amount ended up in a private dormant wallet, there would be ZERO chance of getting it back, so Crypto.com should thank their lucky stars. Also, how did they did they manage to do this again? Crypto.com seems to be like “The Three Stooges” of CEX’s.