Crypto.com has now revealed key details concerning a recent attack on its platform that occurred last weekend, stating that over 480 of its customers were impacted and that illegal withdrawals of nearly $19 million in BTC, $15 million in ETH, and more than $66,000 in various other currencies had transpired.
The overall losses, estimated to be higher than $34 million at today's prices, are reportedly more than what analysts projected prior to Crypto.com making its announcement.
CEO Kris Marszalek admitted that the hack had taken place after verifying that some Crypto.com users claimed their funds were indeed stolen via allegations that had previously been answered with cryptic and vague comments from the company, which had only referred to all of this as little more than an 'incident' in the past.
As of now, the CEO has not shared any details regarding the process through which the breach occurred, although he did acknowledge that the company had reimbursed all of the affected accounts and are currently looking into the issue.
Crypto.com Hacked With Millions Stolen
Subscribe to the CryptoWeekly Newsletter
Get the top stories, funding deals, technical analysis, cryptocurrency jobs and much more delivered to your inbox, every Monday morning.
March 28,2024
Huge AI Merger Between Fetch, Ocean Protocol, And SingularityNET Announced
March 28,2024
Experts Claim Blast Hack Was In Fact An Inside Job
March 27,2024
Reputable Bitcoin Miner Will Establish New Base In Argentina
March 27,2024
KuCoin And Its Founders Sued By United States Department Of Justice
March 26,2024
Do Kwon Trial Begins Despite The Founder Not Actually Showing Up
March 26,2024
London Stock Exchange Will Add Bitcoin And Ethereum ETNs In May
March 25,2024
New Payment Limit For Crypto Wallets Scrapped By European Union
March 25,2024
Goldman Sachs Clients Look To Get Back Into Crypto This Year
March 25,2024
Fundraising Deals - 19th To 25th March 2024
March 24,2024
Bitcoin Undergoes Price Correction As International Economies Look To Recover
March 23,2024
Hackers Can Access Cryptographic Private Keys Of Mac Users
March 22,2024