Hackers allegedly hacked the Crypto.com exchange.

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On January 17, Crypto.com cryptocurrency platform suspended withdrawals due to “suspicious activity” on user accounts. The company assured that customer funds are safe, however, according to PeckShield analysts, this is a hacker attack, during which more than $15 million was stolen.

“Several users have reported suspicious activity on their accounts, we will be suspending withdrawals shortly as our team investigates. All funds are safe,” wrote Crypto.com.

After a few hours of users asked Log in to your accounts and reset your two-factor authentication (2FA) settings.

At approximately 10:00 AM UTC, platform CEO Chris Marszalek toldthat the technicians carry out the last checks – the withdrawal function restored in an hour and a half.

Marszalek said the downtime was about 14 hours. The CEO emphasized that no client funds were lost and the team took steps to strengthen the infrastructure.

Nevertheless, PeckShield experts claim that hackers withdrew 4600 ETH from the platform (~$15.05 million at the current exchange rate). At the time of writing, the address labeled by Etherscan as belonging to the attacker holds 1.17 ETH — the rest of the assets have been sent to the Tornado Cash mixer.

CertiK also reported that Crypto.com was hacked. Startup analysts claim that more than 282 users were affected during the incident — 4836 ETH (~$15.82 million) was withdrawn from their accounts.

Clients of the platform also announced the loss of funds. So, more than 17 ETH was allegedly stolen from one of the users.

Earlier, Crypto.com announced an increase in insurance coverage of users’ assets to $750 million. The program was implemented in partnership with Arch Underwriting, a member of the Lloyd’s insurance market.

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