Recovers $400 Million After Misplaced Ether Transfer

Created By Fintech Team

After unintentionally transferring money to the wrong account, claimed to have retrieved approximately $400 million.

The well-known exchange received cryptocurrency Ether back from the Asian exchange 

The firm was required to transfer 320,000 Ether to a new cold storage address, a kind of offline wallet..

However, according to the exchange CEO, the cash were instead routed "to a whitelisted external exchange address.".

The representative, however, failed to specify if customer funds were utilized in the move.

Following the demise of competing exchange, the crypto market has been stirred 

The cryptocurrency market has recently come under increasing scrutiny.