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Crypto.com loses $34 mn in hack involving 483 users - Vimarsana News

Crypto.com loses $34 mn in hack involving 483 users

Leading cryptocurrency platform Crypto.com has finally admitted that 483 users on its platform lost almost $34 million in various digital coins owing to a compromise in two-factor (2FA) authentication.

Crypto.com confirms $34 million hack caused by 2FA bypass exploit - Vimarsana News

Crypto.com confirms $34 million hack caused by 2FA bypass exploit

The cryptocurrency exchange previously denied that any customers lost funds despite numerous reports from customers and analysts

Crypto.com exchange loses $34 million in BTC and ETH to hackers - Vimarsana News

Crypto.com exchange loses $34 million in BTC and ETH to hackers

Crypto.com has published a full security report on its website detailing exactly how much currency was lost as part of the hack. The company also briefly discussed...

Crypto.com Hack Hits 483 Users, Drains $34 Million in Funds - Vimarsana News

Crypto.com Hack Hits 483 Users, Drains $34 Million in Funds

The cryptocurrency exchange is reimbursing affected users. It also plans on phasing out two-factor authentication for a stronger multi-factor authentication system.

Source: pcmag.com