Did Gate Io send 285,000 ETH back to crypto com?

As per on-chain data, on October 28, Gate.io returned 285,000 ETH back to Crypto.com. Crypto.com’s CEO Kris states the funds were sent accidentally to Gate.io. Leading crypto exchange Crypto.com’s cold store information revealed a suspicious transfer of 320,000 ETH to a wallet address linked to Gate.io on October 21, 2022.

Who owns gate Io?

Speaking to Cointelegraph, Crypto.com spokesperson clarified that the whitelisted address on Gate.io was owned by Crypto.com. Regardless, Marszalek confirmed that Gate.io returned the funds to Crypto.com’s cold storage and reassured the investors that new processes and features were implemented to prevent a reoccurrence.

How high can Web 3 take the ICP crypto?

Internet Computer Price Predictions: How High Can Web 3.0 Take the ICP Crypto? NIO INC. There’s a new crypto in the spotlight, and it has an interesting name. The price of Internet Computer (CCC: ICP-USD) has appreciated over 17% the past 24 hours. However, the ICP crypto first became tradable in mid-2021 and has since lost over 90% of its value.

Is Web 3.0 the next big thing in crypto?

Over the past three years, various themes have emerged and dominated the crypto industry. NFTs and DeFi are prime examples of this. Cryptos attached to the space did exceedingly well in 2020 and 2021. Looking at 2023, Web 3.0 and associated cryptos could eventually become the next big thing, so it’s important to stay on top of them.