So Much FUD on Crypto.com

Over the weekend suddenly so much FUD generated on Crypto.com, knn I thought what happened, somebody questioned why Crypto.com accidentally sent 320,000 Ether to Gate.io, after that all sorts of rumours and speculations followed on Twitter and $CRO price tanked to around US$0.0552, it all started from this tweet if I'm not wrong:

After that I did some checks, seems like from "Crypto.com 5" wallet they sent 320,000 Ether to following wallet, which seems to be Crypto.com's corporate account on Gate.io:

https://etherscan.io/tx/0xb426efda7525776e856b414c87ec0d7859e9bccafe727c174c7b51ed7ada6bee

Then it probably went into Gate.io's cold wallet for safekeeping:

https://etherscan.io/tx/0x016465d2b583bd9c36c24840d966aa3e8c7a9f2fc92ecc5c00a1fe40075e5752

A few days later, Gate.io sent 35,000 Ether to "Crypto.com 5" wallet and the rest to "Crypto.com" wallet over 27 transactions (except ~25 Ether, probably left it on Gate.io for future transaction fees):

Below are the transactions in chronological order (that's the beauty of blockchain, everything is verifiable online, can verify on https://etherscan.io):

  1. 0x7a50fb42a56e8892b61167eedeb8e410b197e9970e1f0d3e831b09b01e6448fa
  2. 0x3e334062c4b9edcfab2cd9f191a8af3f0140d79f675779c94198ea209c3f2e7f
  3. 0xf76c193629b259dd2c700cca2eb02d59ea437851a386a3adb2a299837efdb358
  4. 0x0d5e3eceebd41bd712beeb1dc5f1c4e1071c6a508ebc3b577c9b4c1fc3122d61
  5. 0x4ec1d7431116979f1ff7d48d6af56a1cb681bd56f0f4ec7c29926744418e3a3a
  6. 0x348633fed8af5102ac85a3e53353b14ac54aa1bdd06c1f6bce0a0a634d708adf
  7. 0x370754807be693b1155261b5f6ce351325708ccf72db3a568979754ca3bca63c
  8. 0x6d67b07cd12f8a3853f8ff219a6abc5aefb8481f0e146ef5cd070893c5baf73f
  9. 0xb4f6014ac8e269a26416027c7ae73f08496291aaf79f5bab2cd44a2fd2ae5f7b
  10. 0x35b620d8b0f944063221953606e3e53f649dc53163041515765deb21f79be981
  11. 0xe85b8e37b3aa82534b94f65dc201b3e06d2c1d828897d5100ca11f0d9c81f03f
  12. 0xae2d55ebfd5fcb5026b97086c9a91a55b105439728601f7957041a90c5f5ddd6
  13. 0xb223fe482e761d3d80fe451d267378d154ff6029e0edbbb56fcc6dd4f7befd69
  14. 0x15cf8eb73f0870e8f7c0d7816135672c6b104eece63f36375695e709ff8d1148
  15. 0x519a28a675f172f02578d69796ab79853d2e209c7c57b16c9670e0b74bcece02
  16. 0xcb45e0b182efe6b7a76a4a20b00648acace7168be9de6c45a7603598a027baac
  17. 0xc82ac5a04dbcbfba3f5ef9cc4e0d893027b29d70509e33711673f7167755ba18
  18. 0x655421d756ef5c007d44a8f87983d607730c1794bdd87428a4b59475482c305b
  19. 0x8309dee9188c5647d2ae75475d941012c2ca1ec5079b38c163176ea40cc0448b
  20. 0xd6615d30de0aacb8b6c18697d56844f909de3cd91b49c54e41093aeb4031ca36
  21. 0x8d39d6507f5e5094976e606cf52d07e1a31084b598702fe969820fd847472741
  22. 0x51052a1570bfe677704a05bc21b0aee3553ddda4db0211cd9abd4a5587ab0201
  23. 0xd090cc6750140683420f043c1f1622c1febfa8086bce11a9405001a728b41c0d
  24. 0x71b93bd1cef2f18356dcf92ac957a14167a511eb354c8c328fd83e193a3dc07b
  25. 0xde35c561cf3b0aa6dfcee9f7a5f6f558221a4a07b99ea956fc3c2d2c06e7b287
  26. 0x931cf18999b1c95e03a494cbb36ecb71c1f61e8c79035f02e3d61178e04ad844
  27. 0xc8ce39279f4ad2be31c053a63f49962ee099e20917fd3890eca2cca3116a7195

Anyway today Crypto.com's CEO Kris and CMO Steven quickly put together an AMA live on YouTube which pretty much cleared all the FUD, can check it out here: https://www.youtube.com/watch?v=SQeqdR_nbNY

I think it is a really solid AMA even though it was put together in a short time, well done. 👏


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