400 Accounts and This Altcoin Affected!

Popular Bitcoin and altcoin exchange Crypto.com confirmed earlier this week that around 400 customer accounts had been hacked. It turned out that 4,600 ETH worth 15 million dollars were stolen. cryptocoin.com We are giving the details as…

400 accounts hacked on Altcoin and Bitcoin exchange

On Monday, the Singapore-based cryptocurrency exchange suspended withdrawals after receiving reports of “suspicious activity” on user accounts. He made the announcement on Crypto.com Twitter. The company’s CEO, Kris Marszalek, said on Wednesday that the company is still working on what happened and will release more information in the coming days. He also said that “client funds were not at risk.” He stated that affected customers were being refunded.

After detecting the breaches, Marszalek said the firm quickly halted withdrawals, fixed the issue, and was “back online in about 13 to 14 hours.” Blockchain security and data analytics firm PeckShield estimated on Twitter on Tuesday that the exchange had lost about $15 million. According to on-chain data, around $15 million worth of Ethereum (4,600 ETH) was stolen in the attack and laundered via Tornado Cash.

“Obviously this is a great lesson and we are constantly strengthening our infrastructure,” Marszalek said in a statement. Last year, Crypto.com launched an aggressive marketing campaign led by Hollywood actor Matt Damon. Now it has more than 10 million users. Meanwhile, the exchange’s cryptocurrency, Crypto.com Coin (CRO), is changing hands at $0.44, up 1.7 percent.

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