Crypto.com has lost nearly $15 million in Ethereum to hackers, according to blockchain security analytics firm PeckShield.
— PeckShield Inc. (@peckshield) January 18, 2022
Half of the stolen cryptocurrency has already been laundered with the help of transaction-mixing service Tornado Cash.
On Monday, Crypto.com announced that it was suspending withdrawals due to suspicious activity.
While seem Some users complain of losing money.
It took 14 hours for the Singapore-based company to resume the withdrawals.
In a recent tweet, Mr. Chris Marzalek told that no client money was lost.
He added that the Crypto.com team had beefed up the platform’s infrastructure in response to the incident.
The exchange is still conducting an internal investigation into the security incident.
Some Twitter users criticized Crypto.com for not mentioning the amount of cryptocurrencies stolen as a result of the hack.
While rug pulls and hacking are rife in the decentralized finance space, it remains unclear how a high-caliber central trading platform fell victim to the attack.
Marsalek promised to publish more details of what happened as soon as the investigation is over.
Some thoughts from me on the last 24 hours:
– no customer funds were lost
– the downtime of withdrawal infra was ~14 hours
– our team has hardened the infrastructure in response to the incident
We will share a full post mortem after the internal investigation is completed.
— Kris | Crypto.com (@Kris_HK) January 18, 2022
Earlier this month, American actor Matt Damon faced a backlash over his Crypto.com ad.
In November, the Singapore-based company bought the naming rights to Staples Center in downtown Los Angeles for $700 million.
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