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Crypto.com claims user funds safe despite ‘accidental’ Ether transaction

Singapore-based cryptocurrency exchange Crypto.com transferred 320,000 Ether, close to 80% of its ETH reserves worth around US$400 million at the time, to rival exchange Gate.io, instead of sending it to a new cold storage address, a move that CEO Kris Marszalek called accidental. 

Marszalek hosted a live Q&A on Monday to take questions from investors and clarify the exchange’s stance on the transaction, as well as answer questions on other pressing issues in the industry. 

(by PRADIPTA MUKHERJEE)

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