Crypto.com CEO Kris Marszalek confirmed to Bloomberg that the crypto exchange did suffer a security breach, as reported earlier this week. Appearing on Bloomberg TV on Wednesday, Marszalek stated that about 400 accounts were affected in the cyberattack that exchange suffered. Marszalek stated that the attackers carried out unauthorized withdrawals from the affected accounts but that the company was able to stem the tide swiftly.
All the accounts that were affected were fully reimbursed.
“We very quickly stopped it, we paused withdrawals, we fixed it [and] we were back online in about 13/14 hours, and during the same day, all the accounts that were affected very fully reimbursed, so there was no loss of customer funds,” the CEO stated, during the interview. Marszalek did not confirm the exact monetary value of the theft, stating that the crypto exchange is still working on a post-mortem on the security breach and that the result will be published on the company’s blog in the next few days.
The theft was reported to be around $33 million.
As reported earlier, security experts and on-chain analysts had traced suspicious withdrawals from Crypto.com to the tune of about $33 million. The theft is believed to consist of at least 4,830 ETH ($15 million) and 444 BTC ($18.5 million). However, the crypto exchange’s CEO dismissed any significant financial fallout from the breach. Referring to the amount stolen by the hackers, Marszalek said that the number was “not particularly material” given the size of the business. As reported yesterday, the analytics company PeckShield cited blockchain data detailing that half of the stolen cryptocurrencies have been washed using TornadoCash.