Crypto.com says report of undisclosed user data leak ‘unfounded’

Crypto.com CEO Kris Marszalek says the exchange had disclosed a 2023 security breach to regulators, and accusations suggesting otherwise were misinformation.

Crypto exchange Crypto.com has denied that it kept a 2023 data leak of user details a secret from authorities. 

Bloomberg reported on Friday that Noah Urban, a member of the hacking group Scattered Spider, said the group had phished their way into gaining access to a Crypto.com employee’s account sometime before early 2023, which exposed the personal information of some users. 

Blockchain investigator ZachXBT then claimed on X that Crypto.com had “covered up a breach that impacted the personal information of your users,” adding that Crypto.com had been “breached several times.”

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