Security News > 2022 > January > Crypto.com acknowledges 'unauthorized activity' on servers, maintains no funds have been lost

Crypto.com, a Singapore-based cryptocurrency exchange, has denied reports that the firm lost nearly $15m in Ethereum in a possible network intrusion over the weekend.

According to blockchain biz PeckShield, Crypto.com lost about $14.3m or 4,600 ETH, based on its analysis of public blockchain addresses.

"We have a small number of users reporting suspicious activity on their accounts," Crypto.com said via its Twitter account.

On Monday, Crypto.com, the eighth largest cryptocurrency exchange by volume, acknowledged a security incident and continued to insist no funds had been lost.

Cryptocurrency podcast host Ben Baller claims to have lost $16m worth of ETH from his crypto.com wallet.

The Register asked a Crypto.com spokesperson to explain what happened but the spokesperson declined to comment beyond the remarks published to Twitter by Marszalek and the company.

News URL

https://go.theregister.com/feed/www.theregister.com/2022/01/18/crypto_com_security_incident/