Gate.io audited 7 days after “accidentally” receiving 320k ETH from Crypto.com

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?

mudrockbestgirl• 4 years ago

Both gate.io and crypto.com look like total scams to me. Never heard of them before, but they are just more centralized exchanges, right? Just a matter of time before they go under.

I don't understand how people still fall for this stuff after so many years. If you want to buy crypto, go to a reputable exchange, buy it, and transfer it to your own wallet asap. Then do the rest of transactions/trades/whatever on-chain and stay way from these centralized things. If you did that you wouldn't have been impacted by any of the stuff that has happened this year (other than the price of course).

janmo4• 4 years ago

This is wirecard level fraud.

Funny fact. Jan Marsalek was the mastermind behind Wirecard. Crypto.com CEO's name is Kris Marszalek.

Not clear if they are related.

Gate.io audited 7 days after “accidentally” receiving 320k ETH from Crypto.com

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