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Don't forget, it was an "accident" that they send the ETH!! https://twitter.com/kris/status/1591605600638881792 https://twitter.com/kris/status/159160560063888

• senttoschool 4y ago
  Here's Crypto .com CEO's reply: All funds were returned. We have single digit USD million balance on Gate as of now. It was supposed to be a move to a new cold storage address, but was sent to a whitelisted external exchange address. We worked with Gate team and the funds were subsequently returned to our cold storage. New process and features were implemented to prevent this from reoccurring. First, 35k were not returned. So he lied that all were returned. Second, he says this was a mistake. How could you trust an organization that sends $500m to someone else by mistake, and with a protocol that does not allow you to reverse transactions? Even if he's honest and it was a mistake, just what the heck?
  • janmo 4y ago
    Many exchange operators will soon end up in handcuffs. This is accounting fraud.
    • senttoschool 4y ago
      One reason a lot of con artists are drawn to crypto is because it's very easy to scam people in it due to little regulation and the fact that if you incorporate in places like Cayman Islands, you can do almost anything you want. It's a license to scam people without any jail time. So no, I don't expect a lot will be in handcuffs.