Singapore-based cryptocurrency exchange Crypto.com has denied reports that the company lost nearly $15 million in ether in a possible cyber intrusion over the weekend.
According to blockchain biz PeckShield, Crypto.com lost ~$14.3 million or 4,600 ETH, based on its analyze Public blockchain address. The China-based security firm claims that about half of it was conducted through a service called TornadoCash, which provides anonymous transactions.
Crypto.com, which recently paid $700 million rename Staples Center in Los Angeles and saw a high-profile ad campaign not allowed In the UK, it admitted on Sunday that something strange had happened and temporarily suspended withdrawals after being misled.
“We have a small number of users reporting suspicious activity on their accounts,” Crypto.com Say via its Twitter account. “We will be temporarily suspending withdrawals as our team is investigating. All funds are safe.”
Monday, Crypto.com, Eighth Cryptocurrency trading volume, admitting security incidents and continuing to insist no funds were lost.
“Earlier today, a small number of users experienced unauthorized activity on their accounts,” the company said. Say. “All funds are safe.”
The client allegedly has claim On Twitter, they lost funds without offering a way to verify those claims. Crypto Podcast host Ben Baller claim Lost $16 million worth of ETH from his crypto.com wallet.
As a precautionary measure, Crypto.com states that all customers have been logged out of their app and exchange accounts (to de-authenticate tokens) and reset their two-factor authentication, which requires them to log in again.
Crypto.com status page shows in progress Service degradation. Nonetheless, company CEO Kris Marszalek Insist that no funds were lost.
“We will share the full autopsy report when the internal investigation is complete,” he said.
register A spokesman for Crypto.com was asked to explain what happened, but the spokesman declined to comment on Marszalek and the company’s remarks on Twitter. Our request to specifically address Peck Shield’s claim that funds were stolen went unanswered.
PeckShield did not immediately respond to a request for comment.
Meanwhile, on Monday, a blockchain venture called Multichain warned that a serious vulnerability Affects six cross-chain tokens. Just another day in the crypto world. ®
