Attackers hacked into CyptoCom and stole $34 million
The cryptocurrency exchange reports that 483 users were attacked by hackers
21.01.2022 - 07:20
197
1 min
0
What’s new? Singapore-based cryptocurrency exchange CryptoCom has published a report on the hack, which resulted in around $34 million being stolen from customer accounts. The company also unveiled the new rules and improved security measures.
What are the details of the hack? On January 17, the company noticed an unauthorized withdrawal from some accounts, and immediately suspended the transfers while it investigated. The hackers managed to withdraw approximately 444 BTC ($18,6 million), 4836 ETH ($15,6 million), and $66 000 in other cryptocurrencies from 483 users. CryptoCom stated that all affected customers were compensated.
What new rules CryptoCom has introduced? Following the investigation, the company introduced new security measures, including enhanced two-factor authorization and a 24-hour delay for the first withdrawal after registering a new address. In the future, the users will be reimbursed up to $250 000 for unauthorized withdrawals, but under certain conditions, including filing a theft report with the police.
Useful material?
Incidents
Users were urged to withdraw funds before the site was completely shut down on November 7
May 8, 2024
Market
The outflow persists for four weeks
May 7, 2024
Market
The assets were valued at $630 000 at the time of receipt
May 6, 2024
Incidents
Roger Ver has been accused of not paying taxes
May 1, 2024
Mining
After the publication of the financial report, the company’s shares added 5%
Apr 30, 2024
Market
The commission had previously warned the developer of potential enforcement actions
Apr 29, 2024