Crypto.com Refuses to Acknowledge Loss of $15 Million in Hacked Assets

<p>The circumstances behind the strange activity investors noticed on their Crypto.com accounts are beginning to clear significantly.</p> <p>Several reports yesterday appeared to indicate that a slew of assets had been stolen from investors' accounts, including Shiba Inu, Dogecoin, Ethereum, and Bitcoin. And as a result of this suspicious behaviour, the exchange temporarily halted withdrawals.</p> <p>Crypto.com's Denial of Existence?</p> <p>Today, Peckshield, a blockchain security and data analytics startup, announced that about $15 million in crypto assets, including 4.6k ETH, were lost in a hack on Crypto.com yesterday.</p> <p>The strange activity detected yesterday has now been determined to be the result of this hack.</p> <p>However, Crypto.com's CEO appears to be denying any losses, stating that the team fortified the infrastructure in the aftermath of the attack. A full report detailing their side of the story is awaited.</p> <p>Regardless, investors are not pleased, as despite the fact that withdrawals have resumed after 14 hours of outage, some users are still experiencing login troubles 19 hours later.</p> <p>Numerous others have held Crypto.com accountable for this and are demanding justice by requesting that the exchange reimburse their lost monies.</p> <p>In any case, if these reports prove to be genuine, this might become the greatest crypto attack of 2022, surpassing the $1.3 million Frosties' NFT rug pull on January 12.</p> <p>Is There Any Significant Impact on CRO?</p> <p>While it is true that the incident had an effect on the exchange's token, the impact has not been as severe as one might think. Although the altcoin dropped about 4.3 percent, this does not necessarily represent the claimed hacker's concern.</p> <p>The coin is clearly following the broader market's cues, which could explain the red candle. Fortunately, the price decline was not severe, owing to the asset's negative 0.38 correlation to Bitcoin.</p> <p>Going forwards, the only crucial level will be $0.40, as it will act