Crypto.com CEO Confirms Hundreds of Accounts Were Hacked

An anonymous reader quotes a report from The Verge: The CEO of cryptocurrency exchange Crypto.com, Kris Marszalek, has finally confirmed that hundreds of user accounts were indeed compromised by hackers and had funds stolen as a result, though details of the exact method of breach remain unclear. Marszalek acknowledged the hack in an online interview with Bloomberg Wednesday, stating that around 400 customer accounts had been compromised. He also told Bloomberg that he had not received any outreach from regulators since the attack was first disclosed but would share information if official inquiries were made.

Previous statements from Marszalek and other communications from Crypto.com have been criticized for being vague and unclear. Official messaging from the company referred to a security “incident,” and an early Twitter post mentioned only that a small number of users were “reporting suspicious activity on their accounts.” Marszalek followed up by tweeting that “no customer funds were lost” — a statement some commentators interpreted as meaning that the exchange would take the financial hit rather than passing it on to customers. Shortly afterward, security company PeckShield posted a tweet claiming that, in reality, Crypto.com’s losses amounted to around $15 million in ETH and were being sent to Tornado Cash to be “washed.”

Read more of this story at Slashdot.