Did crypto send $400m to the wrong recipient?

Crypto.com Sent $400M to the Wrong Recipient. Then Got It Back (theverge.com) 32 About three weeks ago Crypto.com " mistakenly sent 320,000 in Ethereum (~$416 million USD) to another cryptocurrency exchange, called Gate.io," reports the Verge's storystream (citing a report from Web3 Is Going Just Great ).

Did crypto Com make a clerical error?

Crypto.com just admitted to making another very large and concerning clerical error: it mistakenly sent 320,000 in Ethereum (~$416 million USD) to another cryptocurrency exchange, called Gate.io, about three weeks ago ( via Web3 Is Going Just Great ).

What happens if I send the wrong Crypto to someone?

Consequently, if even one character is wrong, the crypto may end up being sent to someone else. Once you have pasted the recipient’s address, double-check the first and last five digits match what they provided you. Enter the amount of crypto token you wish to send in the appropriate field.

What happened to crypto com?

WSJ’s Vicky Ge Huang explains what happened to the company and what this could mean for investors. Photo: Olivier Douliery/AFP Customers pulled funds from Crypto.com over the weekend after the company’s chief executive said the cryptocurrency exchange mishandled a roughly $400 million transaction.