A third-party report revealed that funds stolen from Crypto.com are being laundered on the TornadoCash mixer. The platform a place to buy, sell and store cryptocurrency has not yet confirmed that it has been attacked.
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Cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. exchange Crypto.com allegedly lost more than $10 million in a hacking attack.
According to the research firm Blockchain, PeckShield at least 4,830 Ethereum a decentralized open-source blockchain with smart contracts functionality. (ETH), or USD $15 million, was withdrawn to the platform during a hackeo which took place on Monday of this week.
The @cryptocom loss is about $15M with at least 4.6K ETHs and half of them are currently being washed via @TornadoCash https://t.co/PUl6IrB3cphttps://t.co/6SVKvk8PLf pic.twitter.com/XN9nmT857j
— PeckShield Inc. (@peckshield) January 18, 2022
The news comes after Crypto.com take action to temporarily suspending withdrawals on January 17 after several users reported suspicious activity on their accounts.
As reported by DiarioBitcoin The Singapore-based exchange paused trading for a 14-hour period as a security the term securities refers to a fungible and tradable financial instrument that carries a type of monetary value. measure. The platform said that “ a small number of users”. there was “experienced unauthorized activity on your accounts” They were investigating the situation. They also assured that the funds were safe.
Stolen funds are washed in the mixer TornadoCash
However, according to PeckShield , el intercambio sí experimentó una pérdida importante de fondos. Los investigadores de la firma señalaron que los atacantes ya han enviado al menos la mitad de las criptomonedas robadas al mezclador de Ethereum , Tornado Cash cash is the most liquid form of money: physical coins and banknotes in the most narrow sense of the term. .
Launched in 2020, Tornado Cash is a currency currency is a medium of exchange that defines value. mixing protocol the set of rules that define interactions on a network, usually involving consensus, transaction validation, and network participation on a blockchain. that promises to improve the privacy of transactions by obfuscating the chain link between the source and recipient ofEther the form of payment used in the operation of the distribution application platform, Ethereum..
According to blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. records quoted byThe Block a file containing information on transactions completed during a given time period. Blocks are the constituent parts of a blockchain., the alleged hacker has already laundered much of the funds through the mixer. Apparently, the hacker began laundering the cryptocurrencies stolen from the exchange on Tuesday at 12:53 a.m. UTC in lots of 100 ETH (USD $317,000) per transaction. More than 45 deposits of 100 ETH each, and three deposits of 10 ETH (USD $31,700) have been sent to TornadoCash .
It is still unknown how the robbery to the platform would have been carried out. Crypto.com . So far, the platform has not made any official announcement about the hacking hacking is the process of using a computer to manipulate another computer or computer system in an unauthorized fashion. or provided any details about what happened. .
Instead, the exchange’s CEO Kris Marszalek reiterated again Tuesday that users’ funds were not lost. The exchange “ has strengthened the infrastructure in response to the incident ” y “ will share a full autopsy once the internal investigation is completed. “, he said in a tweet .
Some thoughts from me on the last 24 hours:
– no customer funds were lost
– the downtime of withdrawal infra was ~14 hours
– our team has hardened the infrastructure in response to the incidentWe will share a full post mortem after the internal investigation is completed.
— Kris | Crypto.com (@Kris_HK) January 18, 2022
The exchange had already implemented measures to strengthen its security before re-enabling withdrawals. All two-factor authentication authentication is a process that confirms a user's identity using passwords, SMS codes, fingerprints, and other forms of ownership proofs before granting access to sensitive and/or personal information. (2FA) protocols were reinstated, and all users were required to repeat the security verification step.
Scale of damage could be worse
It is worth noting that, despite the information provided by the CEO, several users had taken to Twitter on Monday to report that part of their funds had disappeared from their accounts of Crypto.com . Among them, one customer claimed to have lost 4.2Etheror about USD $13,400 from your exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. .
In the meantime, Peckshield has ensured that the true scale of the damage of the cyberattack to Crypto.com es “ definitely peor “one of the investigators told Decrypt .
The news about the alleged hacking comes at a time when Crypto.com has made several high-profile deals to raise awareness of its brand. Last year, the exchange paid USD $700 million to rename the stadium Staples Center in Los Angeles by Crypto.com Arena . He also signed a multi-year sponsorship agreement with the team.LA Angel City Football Club.
With almost USD$3 billion in trading volume how much cryptocurrency has been traded over a set period, such as the past 24 hours. in the last 24 hours, Crypto.com is the fourth-largest centralized a centralized organizational structure is one in which a single node or a small number of them are in control of an entire network. cryptocurrency exchange in the industry, according to CoinGecko .
- Crypto.com pauses withdrawals after reports of “unauthorized activity” on user accounts
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Sources:The Block , Twitter , Decrypt , archivo
Article versioned by Hannah Estefania Perez / DiarioBitcoin
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