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.
Update: Withdrawal services have been restored.
All funds are safe.It will take time to clear the backlogs. We appreciate your patience. https://t.co/ZKMfyTMebi
— Crypto.com (@cryptocom) January 17, 2022
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.
The @cryptocom loss is about $15M with at least 4.6K ETHs and half of them are currently being washed via @TornadoCash https://t.co/PUl6IrB3cp https://t.co/6SVKvk8PLf pic.twitter.com/XN9nmT857j
— PeckShield Inc. (@peckshield) January 18, 2022
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.
Some thoughts from me on the last 24 hours:
– no customer funds were lost
– the downtime of withdrawal infra was ~14 hours
– our team has hardened the infrastructure in response to the incidentWe will share a full post mortem after the internal investigation is completed.
— Kris | Crypto.com (@Kris_HK) January 18, 2022
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