Crypto.com CEO Explains Huge $347,000,000 Ethereum (ETH) Transfer Amid Bid for Reserve Transparency

Crypto.com CEO Kris Marszalek has addressed a huge transfer of Ethereum (ETH) from the exchange’s wallet that was noticed by on-chain sleuths. According to Etherscan data, about 285,000 ETH worth over $347 million was sent from Crypto.com’s wallet address to Gate.io, another crypto exchange, before being sent back.