According to Kris Marszalek, CEO of cryptocurrency exchange Crypto.com, hundreds of users’ accounts were accessed, and monies were taken as a result, although the technique of cryptocurrency hack is unknown.
According to Marszalek, roughly 400 crypto accounts hacked in an online interview with Bloomberg on the 19th. According to him, regulators have yet to contact him about the crypto hacked attack, but he says he’s willing to provide information if they do.
Comments from Marszalek have been criticized for being ambiguous and confusing in the past regarding crypto exchange hacked. According to the company’s official messaging, there was a “security problem,” yet an early Twitter tweet cited “strange behavior on their crypto.com hacked accounts” from a limited number of people.
Commentators took Marszalek’s tweet that “no consumer assets were lost during crypto hacked” to suggest that the exchange accepts the financial cost rather than passes it on to customers.
A few hours later, the security firm PeckShield said in a tweet addressing cryptocurrency hack that Crypto.com had lost roughly $15 million in ETH, which had been moved to the Tornado Cash wallet and cleared. There are legal uses for this service, but it might also be exploited to launder the profits of theft and other crypto-related crimes through the use of Tornado Cash, a cryptocurrency encryption tool known as a “mixer.”
As a result of its sponsorship partnerships with several sports teams, including a $700 million contract with the Los Angeles Lakers to rename their stadium, the Crypto.com Arena, Crypto.com hacked has become a household name bitcoin industry.
There are other arrangements with the UFC, Philadelphia 76ers NBA franchise, NHL’s Montreal Canadiens, and the Australian Football League, worth up to $1.5 billion in sponsorship.
Cybercriminals are always looking for new ways to get their hands on crypto account hacked exchanges as the sector increases in popularity. Over the course of 2021, there were more than 20 exchange attacks where the hacker made more than $10 million in profit, with six incidents totaling more than $100 million, as per NBC News.
