Crypto.com Reveals Hackers Have Stolen About $34M From the Platform

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During the recent attack on the Crypto.com infrastructure, the accounts of around 400 users were hacked. The crypto platform has covered the losses of clients, which means their funds were not affected, said the company’s CEO Kris Marszalek. According to him:

“We stopped it very quickly, froze the withdrawals, fixed it and went back online in about 13-14 hours. On the same day, all accounts that were affected received a refund. Therefore, there was no loss of customer funds.”

On Monday, following customer reports of suspicious activity on their accounts, Crypto.com suspended withdrawals from the platform. The company assured user assets were safe, however, PeckShield analysts estimated the damage from the actions of hackers at more than $15 million.

An OXT Research specialist under the pseudonym ErgoBTC noted the value of the stolen assets was significantly higher. He noticed the hackers had withdrawn from the platform not only 4,836 ETH, but also 444 BTC. As a result, the total damage could amount to over $33 million.