Dogecoin founder Billy Markus saw an abnormal transaction pattern on Etherscan that precipitated the organisation to halt all transactions for the time being.
Major crypto pockets and platform Crypto.com has quickly halted withdrawals after “a small variety of users reporting abnormal recreation on their accounts,” however all cash is reportedly safe at the moment.
We have a small number of users reporting suspicious activity on their accounts.
We will be pausing withdrawals shortly, as our team is investigating. All funds are safe.
— Crypto.com (@cryptocom) January 17, 2022
A few hours ago, Crypto.com halted withdrawals from its platform in response to several “thefts” via customers’ accounts. Dogecoin (DOGE) founder Billy Markus saw an abnormal transaction sample on Etherscan that precipitated the company to halt all transactions until they figured out what used to be going on with their platform.
Internal system transfers and funds are safe? Inside job gone awry like office space? Hackers taking funds from an exchange hot wallet? 🤷♂️
Never a dull day in the world of crypto.
— Shibetoshi Nakamoto (@BillyM2k) January 17, 2022
Ben Baller, a cryptocurrency fanatic and jeweller, claimed that his account was once breached, dropping 4.28 Ether (ETH) (about $15,000). Ben also said that he used two-factor authentication, so the alleged perpetrators need to have bypassed some of Crypto.com’s protection features.
I messaged yah guys hours ago about my account having 4.28ETH stolen out of nowhere and I’m also wondering how they got passed the 2FA?
— BEN BALLER™ (@BENBALLER) January 17, 2022
An official statement is still pending from Crypto.com for holding the withdrawals, hence this article will be updated pending new information.
The cryptocurrency industry is no stranger to hacks, rug-pulls and protocol exploits. Earlier this month, decentralised finance protection platform and bug bounty provider ImmuneFi found that losses from hacks, scams and different malicious activities exceeded $10.2 billion greenbacks over 2021.
Per the report, there had been one hundred twenty crypto exploits or fraudulent rug-pulls, the highest-valued hack being the Poly Network at $613 million.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.
