{"id":44915,"date":"2022-01-21T05:50:00","date_gmt":"2022-01-21T05:50:00","guid":{"rendered":"http:\/\/57f433de-1ac5-4e88-943f-4ecc682eeb20"},"modified":"2022-01-21T05:50:00","modified_gmt":"2022-01-21T05:50:00","slug":"crypto-com-confirms-483-users-hit-in-attack-that-saw-over-31m-in-coins-withdrawn","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/crypto-com-confirms-483-users-hit-in-attack-that-saw-over-31m-in-coins-withdrawn\/","title":{"rendered":"Crypto.com confirms 483 users hit in attack that saw over $31m in coins withdrawn"},"content":{"rendered":"
\"matt-damon.png\"<\/span>
<\/p>\n

Fortune favours Matt Damon.<\/p>\n

<\/span> Image: Crypto.com <\/span><\/figcaption><\/figure>\n

After issuing hints at final numbers<\/a> during the week, Crypto.com has made an official statement<\/a> on the incident that saw it pause its users’ ability to withdraw funds<\/a>. <\/p>\n

The company said on Monday that 483 users were impacted by unauthorised cryptocurrency withdrawals on their accounts. <\/p>\n

“In the majority of cases we prevented the unauthorized withdrawal, and in all other cases customers were fully reimbursed,” the company said. <\/p>\n

“Unauthorised withdrawals totalled 4,836.26 ETH, 443.93 BTC, and approximately US$66,200 in other cryptocurrencies.” <\/p>\n

At the time of writing, the amount of ether was just shy of $14 million and the fiat value of bitcoin was sitting over $17 million. All up, that put the total figure around the $31 million mark, depending on the volatile prices of cryptocurrency on any given day. <\/p>\n

Crypto.com explained it saw transactions occurring on early Monday morning UTC, where users’ two-factor authentication was not involved. <\/p>\n

“Crypto.com revoked all customer 2FA tokens, and added additional security hardening measures, which required all customers to re-login and set up their 2FA token to ensure only authorized activity would occur. Downtime of the withdrawal infrastructure was approximately 14 hours,” it said. <\/p>\n

<\/section>\n

“In an abundance of caution, we revamped and migrated to a completely new 2FA infrastructure.” <\/p>\n

The company said it has also added a new policy where the first withdrawal to a whitelisted address must wait 24 hours, as well as a program to refund users up to $250,000 if unauthorised withdrawals are made, and certain terms are met. <\/p>\n

These terms include having multi-factor authentication on all transactions where possible, creating an anti-phishing code at least 21 days prior to the unauthorised withdrawal, users cannot use a jailbroken phone, they must file a police report and send the company a copy, and answer a “questionnaire to support a forensic investigation”. <\/p>\n

“Terms and conditions may vary by market according to local regulations. Crypto.com will make the final determination of eligibility requirements and approval of claims,” the company said. <\/p>\n

Related Coverage <\/h3>\n

READ MORE HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Around $14 million in ether, just over $17 million in bitcoin, and $66,200 in other cryptocurrencies withdrawn during the incident.
\nREAD MORE HERE…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","footnotes":""},"categories":[62],"tags":[],"class_list":["post-44915","post","type-post","status-publish","format-standard","hentry","category-zdnet-security"],"yoast_head":"\nCrypto.com confirms 483 users hit in attack that saw over $31m in coins withdrawn 2026 | ThreatsHub Cybersecurity News<\/title>\n<meta name=\"description\" content=\"ThreatsHub Cybersecurity News | ThreatsHub.org | Cloud Security & Cyber Threats Analysis Hub. 100% Free OSINT Threat Intelligent and Cybersecurity News.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.threatshub.org\/blog\/crypto-com-confirms-483-users-hit-in-attack-that-saw-over-31m-in-coins-withdrawn\/\" \/>\n<meta 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