Crypto.com reveals information about a security breach: 483 accounts have been compromised

<p>Following a security breach on Monday, approximately $33.8 million in crypto assets were stolen from Crypto.com.</p> <p>The official statement from the Singapore-based crypto exchange following a halt on withdrawals after detecting "suspicious activities" in user accounts clarifies the Crypto.com security breach saga.</p> <p>Crypto.com revealed in a statement on Thursday that "4,836.26 ETH, 443.93 BTC, and approximately US$66,200 in other currencies" had been taken from clients' accounts without their permission. According to current market value, the total loss is currently valued at around $33.8 million.</p> <p>Several Crypto.com users have reported that their money has been stolen as a result of a security breach. However, previous responses from the company had failed to assuage concerns.</p> <p>According to the official document, Crypto.com's risk monitoring systems detected "unauthorised activity on a small number of user accounts" on Monday at around 12:46 a.m. UTC, where transactions were authorised without the user entering the two-factor authentication (2FA) control.</p> <p>As detailed in the statement, the exchange then halted withdrawals and revoked all customer 2FA tokens, adding even more security-hardening measures that required everyone to relog in and reactivate their 2FA token before allowing only authorised action. The withdrawal infrastructure was down for 14 hours in total.</p> <p>To prevent such an accident from happening again, Crypto.com claims to have added an extra layer of security by requiring a new whitelisted withdrawal address to be registered within 24 hours of the first withdrawal.</p> <p>"Users will be notified that withdrawal addresses have been added, giving them adequate time to react and respond," according to the statement.</p> <p>On Wednesday, Kris Marszalek, CEO of Crypto.com, told Bloomberg that the exchange had received no communication about the event from regulators. He continued, saying:</p> <p>"Obviously, it's a great lesson, and we're always working to i