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Crypto.com exchange confirms 483 accounts hacked and $33 million worth of cryptocurrencies stolen

Cryptocurrency exchange Crypto.com has confirmed a security breach and unauthorized access to 483 accounts of its clients.

Information about the hacking of the cryptocurrency exchange Crypto.com appeared after the analytical company PeckShield discovered
transactions in the blockchain and found that about $15 million worth of ether (4830 ETH) was stolen from the exchange, and half of them have already been “laundered” using the Tornado Cash mixer.

An analyst from OXT Research joined the investigation into the event. According to him, in addition to the ether, 444 BTC were stolen, worth about $18 million.

Despite data from analysts and reports from Crypto.com clients of significant losses from the theft of cryptocurrencies from their accounts, the exchange denied these estimates, stating that only “a small number of users experienced unauthorized activity in their accounts.”

However, after the withdrawal of funds from the exchange was stopped and investigations began, Crypto.com CEO Kris Marszalek confirmed to Bloomberg that the exchange had suffered a security breach affecting nearly 500 accounts.

“This is a great lesson for strengthening our infrastructure. Given the scale of the business, these numbers are not very significant and customers will not be affected,” Marszalek told Bloomberg.

The head of Crypto.com clarified that the exchange “very quickly stopped” the unauthorized withdrawal of cryptocurrencies and lifted all restrictions imposed within 14 hours. According to him, all victims received full compensation.

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