Crypto.com, a Singapore-based cryptocurrency wallet and platform, stated that they saw suspicious activity in user accounts and announced that withdrawals were temporarily stopped.
Crypto.com, who said that he stopped the withdrawals with his post on his Twitter account, stated that all funds are safe. “We have a small number of users reporting suspicious activity on their accounts. We will pause withdrawals shortly as our team is investigating. All funds are safe.” statements were included.
We have a small number of users reporting suspicious activity on their accounts.
We will be pausing withdrawals shortly, as our team is investigating. All funds are safe.
— Crypto.com (@cryptocom) January 17, 2022
Crypto.com’s share also received comments from Dogecoin founder Billy Markus. Markus said he noticed a suspicious trading pattern in Etherscan that caused the company to halt all transactions.
Internal system transfers and funds are safe? Inside job gone awry like office space? Hackers taking funds from an exchange hot wallet? 🤷♂️
Never a dull day in the world of crypto.
— Shibetoshi Nakamoto (@BillyM2k) January 17, 2022
Ben Baller, who is also a jeweler, who stands out with his interest in cryptocurrencies apart from Markus, claimed that his account was hacked and 4.28 Ethereum (approximately $15,000) was withdrawn from his account.
Stating that it uses two-factor authentication, Ben Baller said that suspects think Crypto.com may have bypassed some firewalls.
I messaged yah guys hours ago about my account having 4.28ETH stolen out of nowhere and I’m also wondering how they got passed the 2FA?
— BEN BALLER™ (@BENBALLER) January 17, 2022
The last-minute statement from crypto.com is as follows:
“Earlier today, a small number of users experienced unauthorized activity on their accounts. All funds are safe. Very carefully, security on all accounts is being increased and requires users to:
-Re-sign in App and Exchange accounts
Reset their -2FA
This update will be rolled out gradually over the next few hours. Once completed, withdrawals will be re-enabled. We understand this can be an inconvenience, but safety comes first. Thanks for your support.”
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Earlier today a small number of users experienced unauthorized activity in their accounts. All funds are safe.In an abundance of caution, security on all accounts is being enhanced, requiring users to:
-Sign back into their App & Exchange accounts
-Reset their 2FA— Crypto.com (@cryptocom) January 17, 2022
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This update will be rolled out to users progressively over the next few hours.Once complete, withdrawals will be re-enabled.
We understand this may be an inconvenience, but security comes first.
Thank you for your support.
— Crypto.com (@cryptocom) January 17, 2022