Crypto.com CEO Kris Marszalek said his platform discovered a security flaw on January 17, 2022. Appearing on Bloomberg TV on Wednesday, Marszalek claimed that about 400 accounts were affected, resulting in property theft.
Marszalek revealed that the attackers made unauthorized withdrawals from the affected accounts, which the exchange then detected and prevented to prevent the situation from getting worse.
“We stopped that attack, we stopped the withdrawal, fixed the vulnerability and returned to normal operation after 13-14 hours. All affected accounts are 100% compensated by the exchange, so no user loses money.” Marszalek said in the interview.
The previously on-chain security experts and analysts tracked down suspicious withdrawals from Crypto.com worth around $33 million. The hack is said to include at least 4,830 ETH ($15 million) and 444 BTC ($18.5 million).
Marszalek did not confirm the exact amount of the theft, saying that the exchange is still conducting an investigation into the security hole and that the results will be published on the company blog in the next few days.
The Crypto.com CEO dismissed any significant financial losses incurred as a result of the breach. Referring to the amount of money stolen by hackers, Marszalek said the number was “not so important” given the size of the business.