Crypto.com Experiences ‘Unauthorized Activity’; Halts Withdrawals For 14 Hours

Crypto.com

Maybe it was North Korea?

On Monday, Crypto.com suspended withdrawals following what was termed “Unauthorized Activity”. Now, they’re prompting users to reset passwords and enable two-factor identification, especially if they didn’t have it before. And while rumors that up to $16 million in cryptocurrency was lost, Crypto.com assures users that their money is “safe”.

Overnight, the company’s CEO Kris Marszalek sent out a tweet informing people that users would finally be able to make withdrawals.

The weird thing is, though, that some users reported having funds missing from their wallets before the site was restored. Notably, crypto influencer Ben Baller tweeted at the company, claiming to have lost 4.28 ETH (roughly equivalent to $13,600), then followed up with the possibility that Crypto.com had lost about $16 million worth of Etherium from their wallet:

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https://twitter.com/BENBALLER/status/1482999306156056578

Of course, his funds were eventually restored.

https://twitter.com/BENBALLER/status/1483188044781928449

As it stands, there’s no real idea on what, exactly, happened to Crypto.com, here. Whether it was hackers (in which case, how did they manage to reimburse everyone?) or some weird software problem is currently anyone’s guess. On the plus side, Marszalek has said (above) that the company will give a post-mortem on the entire event, once things have been fully figured out.

I imagine Matt Damon got paid in dollars, though.

Source: Gizmodo

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B. Simmons

Based out of Glendale California, Bryan is a GAMbIT's resident gaming contributor. Specializing in PC and portable gaming, you can find Bryan on his 3DS playing Monster Hunter or at one of the various conventions throughout the state.

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