In a news that emerged yesterday, the claim that the famous crypto money exchange Crypto.com was hacked and over $ 15 million (approximately 4.6 thousand ETH) Ethereum was stolen, shook the social media. Then, for the first statement on the subject, everyone waited for what the company had to say.
Million-dollar cyberattack on the famous cryptocurrency exchange
A cyber attack was carried out on the world-famous cryptocurrency exchange Crypto.com. As a result of the attack, $ 15 million worth of crypto money was stolen.
The first statement came from Kris Marszalek, CEO of crypto exchange Crypto.com!
Crypto.com CEO Kris Marszalek made the first statement on the subject in a television program he attended last night. He said about 400 customer accounts were compromised after a cyberattack. While Marszalek did not provide details on how the attack took place, he said that approximately 13-14 hours after the incident, the exchange was back online and all affected accounts were refunded.
Marszalek’s statement is considered the first official confirmation by Crypto.com that a cyberattack has actually taken place. The company first paused withdrawals on its platform on Sunday, after posting on its Twitter account that a small number of users reported suspicious activity on their accounts. It also asked customers to very carefully reset their two-factor authentication.
The company later reassured users repeatedly that their funds were safe. In addition, he made many statements that Crypto.com would compensate for customer losses. Blockchain security provider PeckShield tweeted Monday. In this post, he claimed that about half of the funds were sent to Tornado Cash for laundering.
Tornado Cash says it provides anonymous transactions that are not spied on on the Ethereum blockchain, meaning it can hide where the crypto is sent. Also, another analyst from blockchain data firm OXT Research said he estimated that the attack could actually cost the stock market $33 million.
When Marszalek, the CEO of the company, was asked about the extent of the losses, he said that Crypto.com is working on the relevant statement to be made on the subject and will be published on the company’s blog in the next few days.
While Crypto.com is the world’s fourth-largest crypto exchange, it has been pushing US markets in recent months with viral commercials featuring actor Matt Damon and stunt shows, including the Los Angeles Lakers and Clippers buying the $700 million naming rights.
The company even calls itself the fastest growing crypto exchange. Earlier this week, it announced it was expanding its venture capital arm to $500 million to support early-stage startups in the space. But this emerging cyber-attack can turn things around.
What do you think about this subject? Don’t forget to share your views with us in the comments!