BTC
$103,635.74
-
2.32%
ETH
$2,516.83
-
4.81%
USDT
$1.0004
+
0.03%
XRP
$2.1357
-
3.77%
BNB
$653.75
-
3.00%
SOL
$154.57
-
6.48%
USDC
$0.9998
+
0.02%
DOGE
$0.1889
-
9.09%
TRX
$0.2687
-
1.11%
ADA
$0.6677
-
6.13%
HYPE
$31.46
-
2.47%
SUI
$3.1381
-
9.78%
LINK
$13.57
-
7.84%
AVAX
$20.06
-
8.18%
XLM
$0.2621
-
4.59%
LEO
$8.7252
-
4.42%
BCH
$401.21
-
2.36%
TON
$3.0715
-
7.43%
SHIB
$0.0₄1252
-
7.78%
HBAR
$0.1631
-
8.20%
Logo
  • News
  • Prices
  • Data
  • Indices
  • Research
  • Events
  • Sponsored
  • Sign In
  • Sign Up
Finance
Share this article
X iconX (Twitter)LinkedInFacebookEmail

Crypto.com CEO Acknowledges 400 Customer Accounts Were Hacked

Kris Marszalek said all of the affected accounts were reimbursed.

By Nelson Wang
Updated May 11, 2023, 7:17 p.m. Published Jan 19, 2022, 10:41 p.m.
Kris Marszalek, CEO of Crypto.com. (Crypto.com)
Kris Marszalek, CEO of Crypto.com. (Crypto.com)

The CEO of Singapore-based crypto exchange Crypto.com, Kris Marszalek, confirmed on Bloomberg TV on Wednesday that 400 accounts were hacked earlier this week after several layers of the firm’s security were breached.

  • On Monday, Crypto.com suspended withdrawals on its platform following user reports of “unauthorized activity.” Later, users were required to sign back into their accounts and reset their two-factor authentication.
  • After detecting the breaches, Marszalek said the firm quickly paused withdrawals, fixed the issue and was "back online in about 13 to 14 hours." He added that the same day, “all of the accounts that were affected were reimbursed so there was no loss of customer funds.”
  • According to on-chain data, approximately $15 million in ether (4,600 ETH) was stolen in the attack and being laundered via Tornado Cash, although Marszalek would not say on Wednesday how much money had been taken. He said Crypto.com would release a post-mortem in a few days that would include the final amount.
  • Marszalek further emphasized that “given the scale of the business, these numbers are not particularly material and customer funds were not at risk.”

Read more: Crypto.com Capital Expands $200M Fund to $500M

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.
Crypto.comHack
Nelson Wang

Nelson edits features and opinion stories and was previously CoinDesk’s U.S. News Editor for the East Coast. He has also been an editor at Unchained and DL News, and prior to working at CoinDesk, he was the technology stocks editor and consumer stocks editor at TheStreet. He has also held editing positions at Yahoo.com and Condé Nast Portfolio’s website, and was the content director for aMedia, an Asian American media company. Nelson grew up on Long Island, New York and went to Harvard College, earning a degree in Social Studies. He holds BTC, ETH and SOL above CoinDesk’s disclosure threshold of $1,000.

X icon
CoinDesk News Image
Latest Crypto News
Article image

Bitcoin Whales Seem to Be Calling a Top as BTC Price Consolidates

May 29, 2025

Bitcoin (BTC) price on May 19 (CoinDesk)

Bitcoin Climbs to $105K; Crypto ETF Issuer Sees 35% Upside

May 29, 2025

Breaking News

Breaking New test

May 29, 2025

FastNews (CoinDesk)

Fast News test

May 29, 2025

Article image

Ethereum Surges 4% on Massive Volume as Institutional Interest Grows.

May 27, 2025

Article image

test research article

May 22, 2025

Top Stories
President Donald Trump (TheDigitalArtist/Pixabay)

Bitcoin Poised to Top Record as Trump Inauguration Nears, Major Coins Due for 10% Swings: Traders

Jan 16, 2025

SHIB-USD 1-month chart shows 24.57% gain ending at $0.00004146 on May 15

Shiba Inu (SHIB) Price Drops 7% in 24 Hours but Remains Up 25% Over the Past Month

May 15, 2025

Screen Shot 2018-08-12 at 11.22.53 PM

In Rare Decision, ICO Founders Will Delay Crypto Paydays – For a Decade

Aug 13, 2018

(CJ/Unsplash)

XRP Futures Start Trading on CME

May 19, 2025

Tax sign (The New York Public Library/Unsplash)

Crypto Capital Gains and Tax Rates 2022

Nov 14, 2022

Swap

Atomic Swaps: What Are They & How Do They Work?

Jan 11, 2024

Only 1 article remaining this month.

Sign up for free

About

  • About Us
  • Masthead
  • Careers
  • CoinDesk News
  • Crypto API Documentation

Contact

  • Contact Us
  • Accessibility
  • Advertise
  • Sitemap
  • System Status
DISCLOSURE & POLICES
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.
EthicsPrivacyTerms of UseCookie SettingsDo Not Sell My Info

© 2025 CoinDesk, Inc.
X icon
Sign Up
  • News
    Back to menu
    News
    • Markets
    • Finance
    • Tech
    • Policy
    • Focus
  • Prices
    Back to menu
    Prices
    • Data
      Back to menu
      Data
      • Trade Data
      • Derivatives
      • Order Book Data
      • On-Chain Data
      • API
      • Research & Insights
      • Data Catalogue
      • AI & Machine Learning
    • Indices
      Back to menu
      Indices
      • Multi-Asset Indices
      • Reference Rates
      • Strategies and Services
      • API
      • Insights & Announcements
      • Documentation & Governance
    • Research
      Back to menu
      Research
      • Events
        Back to menu
        Events
        • Consensus Hong Kong
        • Consensus 2026
        • CoinDesk: Policy & Regulation
      • Sponsored
        Back to menu
        Sponsored
        • Thought Leadership
        • Press Releases
        • CoinW
        • MEXC
        • Phemex
        • Advertise
      • Videos
        Back to menu
        Videos
        • CoinDesk Daily
        • Shorts
        • Editor's Picks
      • Podcasts
        Back to menu
        Podcasts
        • CoinDesk Podcast Network
        • Markets Daily
        • Gen C
        • Unchained with Laura Shin
        • The Mining Pod
      • Newsletters
        Back to menu
        Newsletters
        • The Node
        • Crypto Daybook Americas
        • State of Crypto
        • Crypto Long & Short
        • Crypto for Advisors
      • Webinars & Events
        Back to menu
        Webinars & Events
        • Consensus 2025
        • Policy & Regulation Conference
      Select Language
      English enEspañol esFilipino filFrançais frItaliano itPortuguês pt-brРусский ruУкраїнська uk