Hodl tight Bitcoin. We're going to the galaxy

[BTCGalaxyA12]

The accident happened again. Crypto.com mistakenly sent 320K Ethereum which is estimated to be +$400 Million. Like receiving a falling durian, the address that received the wrong delivery was Gateio.

The panic caused by FTX continues to proliferate.
Hodl tight Bitcoin. We're going to the galaxy.


source: ^{[Bitcoin Archive]}

[NeuroticFish]

The accident happened again. Crypto.com mistakenly sent 320K Ethereum which is estimated to be +$400 Million. Like receiving a falling durian, the address that received the wrong delivery was Gateio.

By what I've read here it looks like, by far, it was not an accident, instead it seems that it was meant to "help out" gate.io fake its proof of reserves.
I don't know the full story yet, let's keep our eyes open (and maybe also keep the discussion in one place).

[bestcoins1]

The accident happened again. Crypto.com mistakenly sent 320K Ethereum which is estimated to be +$400 Million. Like receiving a falling durian, the address that received the wrong delivery was Gateio.

The panic caused by FTX continues to proliferate.
Hodl tight Bitcoin. We're going to the galaxy.


source: ^{[Bitcoin Archive]}

If indeed it was an unexpected accident, then the one who took delivery of 320K Ethereum immediately became a rich man instantly. I can't imagine that that much money could be sent to the wrong address because it shows how careless the person is in sending something (Ethereum) to an address he doesn't know. Whereas before he sends it, he can still check the address to ensure the correctness of the address he will send Ethereum.

[Minecache]

The accident happened again. Crypto.com mistakenly sent 320K Ethereum which is estimated to be +$400 Million. Like receiving a falling durian, the address that received the wrong delivery was Gateio.

The panic caused by FTX continues to proliferate.
Hodl tight Bitcoin. We're going to the galaxy.

If indeed it was an unexpected accident, then the one who took delivery of 320K Ethereum immediately became a rich man instantly. I can't imagine that that much money could be sent to the wrong address because it shows how careless the person is in sending something (Ethereum) to an address he doesn't know. Whereas before he sends it, he can still check the address to ensure the correctness of the address he will send Ethereum.

Obviously they were trying to create fake evidence for each other, there was no way that such a huge amount of money could be mistakenly transferred. Myself every time I transfer money, I even double check and it can take up to 3 to 4 minutes before I hit the send button let alone this is a huge amount of money.

Although nothing too serious has happened yet, we should still be very careful, do not leave money on crypto.com, gate at this time. Proof of reserve is a great idea, exchanges that are shady about storing user assets will be phased out soon.

[Rikafip]

The accident happened again. Crypto.com mistakenly sent 320K Ethereum which is estimated to be +$400 Million. Like receiving a falling durian, the address that received the wrong delivery was Gateio.

You have to be extremely naive to believe their CEO when he said that ETH was send by mistake, after people started asking questions about so much funds moving. But even in the case that they are telling the truth and ETH was sent by mistake, it just means that they are extremely incompetent. Either way, get your money out.

[Slow death]

these exchange owners are using customers' money and they are very liars, people from now on need to be aware of any movement that these exchanges make and all exchanges should show how much money they have available in real time, for people to be able to verify that the money they are putting in the exchange is safe and was not used by the exchange, it is unacceptable what is happening, several people have to beg to have money from them, it is not fair. come to say that you transferred a large amount of money like this to the wrong address, this is a big lie, i don't believe this story

The accident happened again. Crypto.com mistakenly sent 320K Ethereum which is estimated to be +$400 Million. Like receiving a falling durian, the address that received the wrong delivery was Gateio.

You have to be extremely naive to believe their CEO when he said that ETH was send by mistake, after people started asking questions about so much funds moving. But even in the case that they are telling the truth and ETH was sent by mistake, it just means that they are extremely incompetent. Either way, get your money out.

I agree, if he transfers this huge amount by mistake then he can do it again, but I don't believe this story because being people who transfer money everyday are already used to doing address verification before sending

[Zaguru12]

I agree, if he transfers this huge amount by mistake then he can do it again, but I don't believe this story because being people who transfer money everyday are already used to doing address verification before sending

Exactly This has to be the most callous excuse I have ever hard of. Imagine playing with people's funds this way. Who knows what is even going on right now or maybe there other sheddy things going on. One cannot make this mistake even when sending a fee lower than $50, I don't believe this one bit. But as time goes on the truth might reveal its self

The only thing is to sell off all shit coins and buy bitcoin and take them off  the Exchanges no matter how little there. No exchange is save anymore.

[jaberwock]

I agree, if he transfers this huge amount by mistake then he can do it again, but I don't believe this story because being people who transfer money everyday are already used to doing address verification before sending

Exactly This has to be the most callous excuse I have ever hard of. Imagine playing with people's funds this way. Who knows what is even going on right now or maybe there other sheddy things going on. One cannot make this mistake even when sending a fee lower than $50, I don't believe this one bit. But as time goes on the truth might reveal its self

The only thing is to sell off all shit coins and buy bitcoin and take them off  the Exchanges no matter how little there. No exchange is save anymore.

Obviously, whatever the reason they are giving, that is false and there is something more to i. I am not going to act like I know the exact reason, could be insurance fraud, could be proof of reserve, it could be any reason and we wouldn't really know what the reason is.

However, even if we do not know what the real reason was, we could easily see this and say that this wasn't just a mistake, this wasn't just "oh sorry we sent it wrong", we know it was done knowingly and whatever they are claiming right now is false. They did a shady thing, and they are hoping that they could get away with it, and if they really do and nothing happens, it means bad things for our future.

[lizarder]

The accident happened again. Crypto.com mistakenly sent 320K Ethereum which is estimated to be +$400 Million. Like receiving a falling durian, the address that received the wrong delivery was Gateio.

It seems that they developed another problem that can't be trusted by logic, sending errors shouldn't occur, if they are used to verifying addresses before sending, this is completely untrustworthy.
Whatever the reasons given, Crypto.com is not a decent place to store money, their credibility is questionable if they are. But it seems that another fact will be revealed, which is far different from their current statement.

The panic caused by FTX continues to proliferate.
Hodl tight Bitcoin. We're going to the galaxy.

That's why Bitcoin is so much more trustworthy, even though nothing more basic for us to relate to. Buy and hold Bitcoins.

[coolcoinz]

The accident happened again. Crypto.com mistakenly sent 320K Ethereum which is estimated to be +$400 Million. Like receiving a falling durian, the address that received the wrong delivery was Gateio.

You have to be extremely naive to believe their CEO when he said that ETH was send by mistake, after people started asking questions about so much funds moving. But even in the case that they are telling the truth and ETH was sent by mistake, it just means that they are extremely incompetent. Either way, get your money out.

You don't make mistakes like that with such amounts of money. This gets checked 10 times before the button is pressed.
I feel like all these exchanges play around with customers' money and if asked to deliver 100% of it they'd repeat SBF's statement "sorry, we fucked up". What's keeping them alive is the fact that there's rarely a real bank run in crypto. FTX would've been with us if not for CZ and his token selloff that spooked other token holders, created a bank run and exposed FTX.

Whatever happens, bitcoin will not be affected much. If idiots get scared and panic sell many people will be there to buy what they're throwing away for free. After all 90% of stock investors lose money and usually it's not because the companies go bankrupt but because they can't handle the pressure.

[serjent05]

these exchange owners are using customers' money and they are very liars, people from now on need to be aware of any movement that these exchanges make and all exchanges should show how much money they have available in real time, for people to be able to verify that the money they are putting in the exchange is safe and was not used by the exchange, it is unacceptable what is happening, several people have to beg to have money from them, it is not fair. come to say that you transferred a large amount of money like this to the wrong address, this is a big lie, i don't believe this story

Well that is the power of centralized exchange, they have the authority to move the customer funds to any address they wanted while they keep a tight security when the owner of the funds wanted to get his money.  That is why I never leave my fund on any exchange.

The accident happened again. Crypto.com mistakenly sent 320K Ethereum which is estimated to be +$400 Million. Like receiving a falling durian, the address that received the wrong delivery was Gateio.

You have to be extremely naive to believe their CEO when he said that ETH was send by mistake, after people started asking questions about so much funds moving. But even in the case that they are telling the truth and ETH was sent by mistake, it just means that they are extremely incompetent. Either way, get your money out.

I agree, if he transfers this huge amount by mistake then he can do it again, but I don't believe this story because being people who transfer money everyday are already used to doing address verification before sending

It is very impossible for a well verse person (crypto.com CEO) to send a huge amount of money by mistake.  I believe there is a prior arrangement between gate.io and crypto.com before the fund is sent.

[sheenshane]

The accident happened again. Crypto.com mistakenly sent 320K Ethereum which is estimated to be +$400 Million. Like receiving a falling durian, the address that received the wrong delivery was Gateio.

Again?
If I wasn't wrong this is their second time sending it mistakenly but good thing on Gate.io exchange not on other unknown wallets.
But fortunately, the fund was sent back to their cold storage which is still good news for them.

The CEO now of Crypto.com has been suspected of wrongdoing which lead to their user withdrawing the fund which didn't a clear explanation to the Crypto.com CEO. 

[Lanatsa]

The accident happened again. Crypto.com mistakenly sent 320K Ethereum which is estimated to be +$400 Million. Like receiving a falling durian, the address that received the wrong delivery was Gateio.

Again?
If I wasn't wrong this is their second time sending it mistakenly but good thing on Gate.io exchange not on other unknown wallets.
But fortunately, the fund was sent back to their cold storage which is still good news for them.

The CEO now of Crypto.com has been suspected of wrongdoing which lead to their user withdrawing the fund which didn't a clear explanation to the Crypto.com CEO. 

This would really be a mind boggling on why crypto.com which we know that has reputation would really be doing such thing which it really impossible that you would sent out 320k ETH without
any valid reason.If Crypto.com wont really be giving out some convincing reasons on why they have done that then for sure people would really be losing up trust
and this would really be that making domino effect and cant blame out on what the community been thinking off with this.
We dont know on where it would be ending up and the most important thing now is on how to make yourself that prepared on upcoming possible
market conditions that would might happen along the way.

[blockman]

Is this another insider that these exchange owners are playing and betting with their customer's money? Why would they send that much ETH on gate.io for what?
Just to get some exposure to the news that's currently focused on FTX? I highly doubt that there's a minimal reason for that, there's probably some plan that's about to be executed. Are they going to play it with the futures? This gives worry to crypto.com users for sure.

[rodskee]

The accident happened again. Crypto.com mistakenly sent 320K Ethereum which is estimated to be +$400 Million. Like receiving a falling durian, the address that received the wrong delivery was Gateio.

The panic caused by FTX continues to proliferate.
Hodl tight Bitcoin. We're going to the galaxy.

source: ^{[Bitcoin Archive]}

lol , these people will not made this huge mistake sending funds , as like what said in the first post this seems to be intentionally sent and not by mistake , and also saying people to HODL tight for the coming mooning ? it looks like this is not a good advice though Holding is what we mostly do for this kind of market now.

Let us not expect too much or believe in what others says , instead be observant and face everything with caution , also invest with what you can afford to lose.

[hugeblack]

If this news is true, then it is a disaster because if the platform behaves in such ignorance with millions of dollars, how will it do with the customers’ money that does not exceed thousands of dollars?
And if it is not real, then it is an attempt to hide the weak financial side of the platform. In any case, it should be avoided
.

[philipma1957]

If this news is true, then it is a disaster because if the platform behaves in such ignorance with millions of dollars, how will it do with the customers’ money that does not exceed thousands of dollars?
And if it is not real, then it is an attempt to hide the weak financial side of the platform. In any case, it should be avoided
.

so where is the transaction on the eth blockchain?

Btw moving 320k eth to anyone is a big move. I would not do one send I would do 2 or 4 just in case of a glitch.

[yudi09]

The accident happened again. Crypto.com mistakenly sent 320K Ethereum which is estimated to be +$400 Million. Like receiving a falling durian, the address that received the wrong delivery was Gateio.

Possible Rescue Drama. It's not that we don't believe it because naturally mistakes that occur to humans are unavoidable, but in this case of misrepresentation, we can say that negligence is a reckless human trait that can occur due to intentional elements. Wrongly sent 320K Ethereum This happened at the same time as the FTX case. So we can say that this was not an accident but a rescue drama.

[peter0425]

When the market is red like now it will be difficult to sell or buy, especially if I buy when the price is expensive so that loss if I sell now, on the contrary it becomes difficult to buy because I'm worried that the price will continue to fall, silence and relaxing is better and safe when the market is bearish.

I think it is only difficult to sell but to Buy? wrong mate this is the best time to buy because even if it grows tomorrow at least we are already in profit right? and if continue to drop at least in the coming days when the price recovers there is a sure income we can gain from this as we are already assured that increase will happen only if we can HODL .
but if you are a easy money looking then this is not the best time for you .

[YUriy1991]

Hodl tight Bitcoin. We're going to the galaxy.

The technology behind bitcoin is blockchain. Many financial institutions are now researching and investing in blockchain technology, which is why bitcoin value continues to rise. Bitcoin is scarce, decentralize and transparent. No one has access to it than you.