Hacked Website, Hackers Steal $34 Million in Cryptocurrency

In an interview with Bloomberg TV, Crypto.com CEO Kris Marszalek confirmed that 400 users were hacked.He said his team detected unauthorized transactions on the account, but immediately fixed the issue and refunded all affected users.The company has now issued a press release detailing details of the post-mortem investigation. It appears that 483 funds were affected, including a total of 4836.26 ETH, 443.93 BTC and an unauthorized withdrawal of around $66,200 into other funds. At the current exchange, $15.3 million in ETH and $18.7 million in ETC, resulting in a total loss of $34 million.

Before the company announced the extent of the financial loss from the hack, blockchain security analytics firm PeckShield Inc. said Crypto.com could lose $15 million worth of cryptocurrencies. At least 4,600 of the coins lost were Ethereum, half of which was believed to have been laundered. It is the process of obfuscating symbols on the coin exchange. Meanwhile, Bitcoin research firm OXT Research said the company could lose up to $33 million.

The report explains that the company's risk management activity was not authorized a few days ago, allowing changes to certain low-income figures without double recognition.As a result, the cryptocurrency exchange was shut down on the evening of January 16. In fact, people commented on Twitter announcing that their money was stolen while 2FA was open.

Marszalek said in another tweet on Jan. 17 that "there was no loss of money for our customers" and that the construction company had been down for 14 hours and his team had tightened security by response to the result. The latest report reveals that Crypto.com has adopted additional security measures that remove all 2FA tokens from users and force all users to re-access the account. The company said the move was necessary as it was moving to a new 2FA infrastructure. However, we plan to move away from 2FA and move to a more realistic multi-point (MFA) mode.

Crypto.com has also introduced additional security measures that require users to wait 24 hours before returning to a new free registration address.Finally, on February 1, the company announced the Global Privacy Shield Program (WAPP) to protect users who need extra protection on their money.

The WAPP can recover up to $250,000 in funds from participating users if a third party accessed their account. This means that to be eligible for the program, users must have multiple open authentication credentials for all types of operations and must not use jailbroken devices. In order to receive a refund from the program, you must set up an anti-phishing number, submit a police report, provide a copy to Crypto.com, and complete the requested form to support forensic investigations at least 21 days prior to any illegal trade . . .