Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: mlawson71 on January 17, 2022, 06:05:49 PM
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Crypto dot com announced that it has paused all withdrawals following “a small number of users reporting suspicious activity on their accounts” then they reassured that all funds on the platform were safe.
One of the people who reported the problem was Billy Markus, who is the founder of Dogecoin. Marcus noticed a suspicious transaction pattern on the ETH network. Following the reports, the platform immediately ceased all withdrawals to conduct a security check.
A crypto investor named Ben Baller reported that he had lost some 4,28 Ethereum currently worth about 15,000 USD because of an unauthorized transaction from his account.
Even more alarming is the detail that Baller used two-factor authentication, which means that the hackers had breached the platform’s cyber security protocol.
Source (https://www.forexbrokerz.com/news/crypto-com-freezes-all-withdrawals-citing-suspicious-activity)
At least it looks like they caught this hack on time. If they hadn’t, who knows how many millions would have been stolen.