Several Crypto.com users reported missing assets in their accounts and the exchange paused withdrawals yesterday. Withdrawals have been resumed today and Crypto.com reported that “all funds are safe”. Covered: Crypto.com Resumes Withdrawals After Shutdown From An Assumed Attack Crypto.com Resumes Withdrawals After Shutdown From An Assumed Attack Yesterday, the major centralized exchange and crypto wallet […] The post Crypto.com Resumes Withdrawals After Shutdown Yesterday appeared first on CryptosRus.

Crypto.com Resumes Withdrawals After Shutdown Yesterday

Several Crypto.com users reported missing assets in their accounts and the exchange paused withdrawals yesterday. Withdrawals have been resumed today and Crypto.com reported that “all funds are safe”.

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  • Crypto.com Resumes Withdrawals After Shutdown From An Assumed Attack

Crypto.com Resumes Withdrawals After Shutdown From An Assumed Attack

Yesterday, the major centralized exchange and crypto wallet Crypto.com paused withdrawals because of users reporting suspicious activity on their accounts. The exchange reported that it was only “a small number of users” that suffered from the attack, but the number of complaints regarding lost funds rose exponentially since the announcement of the paused withdrawals.

Crypto.com said via a tweet that they were only pausing withdrawals briefly, but that ended up taking about 12 hours.

The shutdown came after multiple users reported that they had lost funds in their accounts. Users reported numerous different assets being stolen, even up to 4.28 ETH and 2 BTC. Furthermore, users that were hacked, including Ben Baller (crypto enthusiast and jeweler), claim to have had two-factor identification enabled.

More shockingly, it appears that it wasn’t even Crypto.com who first reported details that they were getting hacked. The co-founder of Dogecoin, Billy Markus, noticed that there was a suspicious trend in the transactions on Etherscan regarding hot wallets on Crypto.com.

Crypto.com is the first centralized exchange to have fallen victim to an attack in 2022. Multiple centralized exchanges were hacked in 2021 including Coinbase, Kraken, and KuCoin. However, it appears that Crypto.com was able to return all funds to users. In order to apply caution moving forward, the exchange issued an update that required users to sign in and reset their 2FA information.

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