Crypto.com confirms suspicious activity after users report stolen funds

Several Crypto.com users reported that their wallets suffered suspicious transactions that stole thousands of dollars in Ethereum (ETH) despite having 2FA enabled.

Crypto.com, a popular app-based cryptocurrency exchange headquartered in Singapore has confirmed that a “small number” of its users experienced unauthorized activity in their accounts earlier on Monday (17th) morning.

Although Crypto.com did not confirm the exact number of impacted customers, in a series of tweets, the exchange did assure that “all funds are safe.” 

What happened?

It all started when several tweets emerged from users reporting stolen funds as a result of suspicious activity on their Crypto.com account. According to a tweet by actor Ben Baller, a Crypto.com user, he informed the exchange about suspicious activity hours ago that bypassed 2FA protection on his account resulting in a loss of 4.28 ETH ($13,769).

Another user going by the Twitter handle of @qudah_mohamed claimed that they witnessed multiple transactions of .12 BTC ($5000). 

@NickDushko tweeted that his Crypto.com wallet was hacked and someone made 7 transactions of .27 BTC ($11,000).

One Crypto.com user @yougesify shared their side of the story and claimed that his wife had 17.43 ETH ($56,114) wiped from her wallet even though she had 2FA on. 

Read More: https://www.hackread.com/crypto-com-suspicious-activity-users-stolen-funds/