Crypto.com is a Singapore based #cryptocurrency exchange with a reported ten million users and 3,000 employees. The exchange confirmed on January 17th, 2022 that unauthorized withdrawals were initiated. The lost funds include 443.93 BTC, 4,836.26 ETH, and $66,200 in other currencies. The total funds stolen were worth approximately $34 Million.
On January 16th, 2022, Crypto.com tweeted that they were receiving reports of unusual withdrawal activity from a number of their customers.
In a followup tweet, Crypto.com requested all users reset their two-factor authentication in order to sign back into their accounts. Withdrawals were also suspended for a short period of time. All normal exchange features were reinstated within 14 hours.
Crypto.com CEO Kris Marszalek stated in an interview with Bloomberg that all lost funds were reimbursed by the company. It was later reported that 483 users lost funds.