Crypto.com data breach denial followed claims it hid a 2023 incident. The exchange confirmed a phishing attack but stressed it affected very few clients and caused no financial losses.
The Phishing Incident
In 2023, attackers launched a phishing campaign that compromised one employee account. Hackers accessed limited customer information before Crypto.com contained the breach.
The company says it filed a Notice of Data Security Incident and alerted regulators. It insists the response followed legal and compliance requirements.
Conflicting Reports
Bloomberg and independent blockchain researchers suggested Crypto.com failed to disclose the attack publicly. Critics, including ZachXBT, claimed the company had additional unreported incidents.
CEO Kris Marszalek rejected those claims. He called them misinformation and stated that the company acted responsibly.
Impact on Clients
Crypto.com confirmed the breach impacted a very small number of clients. The exchange emphasized it contained the issue within hours.
Most importantly, the company insists no customer funds were stolen. Financial assets and balances remained fully intact throughout the incident.
Company’s Response
Crypto.com says it cooperated with regulators and provided required disclosures. The company also promised to strengthen internal security systems.
It reaffirmed its commitment to transparency and emphasized customer protection as a top priority.
What Users Should Do
Users should enable multi-factor authentication and monitor accounts closely. They should remain cautious of phishing attempts and verify all official communications.
Conclusion
Crypto.com data breach denial followed allegations of a hidden 2023 incident. The company maintains it acted quickly, reported the issue, and protected client funds. By improving defenses and urging customer vigilance, the exchange aims to maintain trust.
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