Crypto.com sent funds equivalent to around 80% of its total ETH reserves.
Crypto.com published its proof of reserves on November 12.
Following the major cryptocurrency exchange FTX’s insolvency, another centralized crypto exchange Crypto.com revealed that unknowingly it had transferred 320,000 ETH, or about $400 million at the time, to a public address that is registered at a rival exchange. 
According to Etherscan, the block explorer, Crypto.com sent funds equivalent to about 80% of its total ETH reserves to rival exchange Gate.io on October 21. However, on October 29, Gate.io returned some amount of 285,000 ETH, equivalent to $456 million due to a slight ETH rise. 
Crypto.com CEO Kris Marszalek stated on his Twitter account on Saturday that the fund was supposed to move to a cold storage address. Also, Marszalek highlighted that all of the funds have subsequently been returned and the dollar balance on Gate for Crypto.com is in the single-digit millions.

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