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Crypto.com hacked and lost $15 million worth of Ethereum

Crypto.com hacked and lost $15 million worth of Ethereum

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Answer Crypto.com hacked and lost $15 million worth of Ethereum

Crypto.com has lost nearly $15 million in Ethereum to hackers, according to blockchain security analytics firm PeckShield.

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 had suspended withdrawals due to suspicious activity.

while seem Some users complain of losing money.

Read:Coming soon: Roger Ver and Nouriel Roubini debate on blockchain technology and cryptocurrency

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 once the investigation was over.

Read:Billionaire Craig Wright files a lawsuit against cryptocurrency exchanges…Details here

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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