A small number of Crypto.com users reported suspicious activity on their wallet

Several Crypto.com users reported suspicious transactions that stole thousands of dollars in Ethereum (ETH) from their wallets.

Several Crypto.com users reported suspicious transactions that stole thousands of dollars in Ethereum (ETH) despite their accounts being protected with 2FA.

Crypto.com is a cryptocurrency exchange app based in Singapore, the app currently has 10 million users and 3,000 employees.

The company has confirmed the unauthorized access to wallets belonging to a ‘small number’ of users.

In response to the users’ reports of suspicious transactions, the company temporarily suspended all withdrawals and launched an internal investigation.

The cryptocurrency exchange app now has restored withdrawal services and reassured its users saying that all funds are safe:

The company did not provide details about the attack either the exact amount of stolen funds from the compromised wallets. It is not clear how the attackers were able to bypass two-factor authentication (2FA), if confirmed they have exploited some vulnerabilities in the platform.

Crypto.com users have to monitor their balance and report to the company any suspicious transaction. Experts also recommend enabling both 2FA and Face ID/Touch ID to protect their accounts from unauthorized access.

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Pierluigi Paganini

(SecurityAffairs – hacking, Crypto.com)

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Pierluigi Paganini

Pierluigi Paganini is member of the ENISA (European Union Agency for Network and Information Security) Threat Landscape Stakeholder Group and Cyber G7 Group, he is also a Security Evangelist, Security Analyst and Freelance Writer. Editor-in-Chief at "Cyber Defense Magazine", Pierluigi is a cyber security expert with over 20 years experience in the field, he is Certified Ethical Hacker at EC Council in London. The passion for writing and a strong belief that security is founded on sharing and awareness led Pierluigi to find the security blog "Security Affairs" recently named a Top National Security Resource for US. Pierluigi is a member of the "The Hacker News" team and he is a writer for some major publications in the field such as Cyber War Zone, ICTTF, Infosec Island, Infosec Institute, The Hacker News Magazine and for many other Security magazines. Author of the Books "The Deep Dark Web" and “Digital Virtual Currency and Bitcoin”.