Matt Damon-endorsed Crypto.com Admits 400 Users Hit In Hack #matt #damon

Matt Damon-endorsed Crypto.com admits 400 users hit in hack #Matt #Damon

San Francisco, Jan 20 : The CEO of cryptocurrency exchange crypto.com, a cryptocurrency platform endorsed by famous Hollywood actor Matt Damon, has confirmed that hundreds of user accounts were hacked and their funds stolen.

 Matt Damon-endorsed Crypto.com Admits 400 Users Hit In Hack #matt #damon-TeluguStop.com

CEO Kris Marszalek told the media that nearly 400 customer accounts had been compromised.

During the hack, Crypto.com paused its users’ ability to withdraw funds.

“We have a small number of users reporting suspicious activity on their accounts.We will be pausing withdrawals shortly, as our team is investigating.All funds are safe,” the company said in a tweet.

Marszalek also reiterated in a tweet that “no customer funds were lost.”

Blockchain security and analytics company Peckshield, however, tweeted that Crypto.com lost about $15 million (around 4,600 ethereum).

“The @cryptocom loss is about $15M with at least 4.6K ETHs and half of them are currently being washed via @TornadoCash,” Peckshield tweeted.

Tornado Cash is a platform that obscures cryptocurrency transactions so that these are harder to be tracked.

Marszalek claimed that Crypto.com’s 200 security professionals had created a “very robust” infrastructure and stated it had defence-in-depth.

Damon recently faced backlash for a Crypto.com commercial where he compares investing in crypto to great accomplishments achieved by mankind such as scaling Mount Everest or space exploration.

Earlier this month, reports surfaced that victims of a $200 million hack of popular cryptocurrency exchange BitMart were still waiting for their money even after over a month since the exchange was hacked.

According to reports, BitMart had promised a full reimbursement to the victims of the platform-wide $200 million hack.

Hackers stole various crypto tokens on December 4, after using a stolen privacy key to gain access to one of BitMart’s hot wallets.


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