Are you one of them?
Crypto.com confirmed the hacking incident and that the loss could amount to $33 million in reports shared by Techcrunch.
Crypto.com CEO admits hundreds of customer accounts were hacked
Crypto.com CEO Kris Marszalek said around 400 customer accounts had been compromised in a hack in an interview with…
What does it mean to cryptocurrency investors?
Because of the very nature of cryptocurrency, it is difficult where digital currency will end up. Crypto.com will shoulder all the loss.
In a tweet, the company said:
Earlier today a small number of users experienced unauthorized activity in their accounts. All funds are safe. In an abundance of caution, security on all accounts is being enhanced, requiring users to: -Sign back into their App & Exchange accounts -Reset their 2FA
This update will be rolled out to users progressively over the next few hours. Once complete, withdrawals will be re-enabled. We understand this may be an inconvenience, but security comes first. Thank you for your support.
Crypto.com has been busy these past months. Getting Matt Damon as its spokesperson and naming a coliseum Crypto.com is part of its efforts to get more Americans to sign up.
But when an incident like this happens, does it make you nervous about Bitcoin investment? A few months ago Bank of England even said that Bitcoin could become worthless.
None of what you read is financial advice. It is best to do your research about cryptocurrency before making any investment.