Crypto.com Hot Wallet Hacked, $15 Million Worth of Ethereum Stolen

One of major cryptocurrency exchange Crypto.com, a prominent name in Asia-Pacific region hot wallet was hacked. The company announced that there were no fund loss, however some customer have complaint their ETH losses.


Blockchain security company PeckShield reported however, Crypto.com loss around $15 Millions worth of Ethereum (ETH) from the hack. According to the security company, half of the stolen crypto is being laundered via Ethereum-powered coin mixing service, Tornado Cash.

Crypto.com announced on Monday that it had halted withdrawals due to “suspicious activity.” It took 14 hours for the company to resume withdrawals.

In a recent Twitter post, CEO Kris Marszalek said that no customer funds were lost. He also added that the Crypto.com team had hardened the exchange’s infrastructure in response to the incident. The exchange is still conducting an internal investigation of the security incident.


Read More: Singapore Bars Crypto Service Provide from Displaying outdoor advertisement

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