A Crypto.com security breach could cost $33 million

Antigua and Barbuda, Saint Mary, New Division

Published 1 year ago

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A Crypto.com security breach could cost $33 million

Antigua and Barbuda, Saint Mary, New Division,

Published 1 year ago

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The on-chain analyst claims that Crypto.com's loss in the latest security breach could have been worth more than the reported $15 million.

The pseudonymous ErgoBTC, an on-chain analyst at Bitcoin (BTC) research firm OXT Research, claims that the Crypto.com security breach that is said to have resulted in the loss of 4,600 ETH ($15 million), may be worth up to $33 million.

Adding another 444 BTC to the previously reported 4.6k ETH from yesterday's @cryptocom hack. Still no acknowledgment of loss, despite large outflows from the custodial wallet into ETH's Tornado Cash and a well-known BTC tumbler (as detailed below).

ErgoBTC

Crypto OXT

OXT Crypto

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Antigua and Barbuda, Saint Mary, New Division

Saint Mary St Iz N3m