Crypto exchange Crypto.com sent more than $400 million to the wrong account, but was able to get it back

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.

— Kris | Crypto.com (@kris) November 13, 2022

While the Proof of Reserves audit preparation is underway, we are sharing our cold wallet addresses for some of the top assets on our platform.

This represents only a portion of our reserves: about 53,024 BTC, 391,564 ETH, and combined with other assets for a total of ~US$ 3.0b

— Kris | Crypto.com (@kris) November 11, 2022

Anyone know why https://t.co/2vZHyCaKNe would send 320k ETH (82% of their ETH today) to https://t.co/bVgf3bCqwp on October 21? pic.twitter.com/2E1NxX1pJz

— Conor (@jconorgrogan) November 12, 2022

https://t.co/pFc4Pz9nFR proceeded to withdraw the funds back to its cold wallets over the following days. The entirety of ETH was successfully withdrawn by https://t.co/pFc4Pz9nFR and returned to our cold storage.

— Kris | Crypto.com (@kris) November 13, 2022

285k ETH was sent to crypto com wallet and the remaining 35k ETH was sent to crypto com 5 in this transactionhttps://t.co/JqFOdQmzO8 pic.twitter.com/tNktOzwGLq

— remixr ⌐◨-◨ (@remixrfi) November 13, 2022

There's currently a bank run building momentum on https://t.co/9Ltz6J1x7R. Get your assets out NOW to hot or cold storage. pic.twitter.com/AQL2RtzE5W

— Arman Dezfuli-Arjomandi 🎈 (@rawrmaan) November 13, 2022

🚨 The same auditors behind FTX also approved the "proof-of-reserve" snapshots that are coming under scrutiny at Gate and Huobi!!

These snapshots look to have been fluffed up by wash transactions from https://t.co/60Vwqt980N, who claims that this was a mistake. Hard to believe.

— Mario Nawfal (@MarioNawfal) November 13, 2022