Blog | G5 Cyber Security

Crypto.com Confirms Breach, Nearly $34 Million in Losses

Singaporean cryptocurrency exchange Crypto.com confirms breach, nearly $34 million in losses. Unauthorized withdrawals targeted the Ethereum and Bitcoin of 483 users. The company says it has added a mandatory 24-hour delay between registration of a new address and first withdrawal. Security experts continue to highlight the pros and cons of the asset class as a “perfect storm of opportunity” for cybercriminals, one analyst says. “The safety of our customers’ funds is our highest priority,” CEO Kris Marszalek says.”]

Source: https://www.cuinfosecurity.com/cryptocom-confirms-breach-nearly-34-million-in-losses-a-18354

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