22 July 2022

statement

2FA compromise led to $34M Crypto Frim hack Two Factor Authentication
3 min read

2FA compromise led to $34M Crypto Frim hack

RiSec.n0tst3 20 January 2022
Crypto.com shared new details about a recent hack on its platform last weekend in a statement on its website today, saying 483 of its users were affected and that unauthorized withdrawals of over $15 million worth of ETH, $19 million worth of BTC, and $66,200 in “other currencies” occurred. The total losses, worth over $34 million at current cryptocurrency values, are even higher than what analysts had predicted before Crypto.com released its statement. The company’s post-mortem comes just one day after CEO Kris Marszalek acknowledged the breach in an interview with Bloomberg TV....
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