Crypto.com has temporarily halted withdrawals after users reported suspicious activity on their accounts while also stating all funds were reportedly safe. However, report shows that $15 million was lost in the recent theft.
Crypto.com, a renowned crypto trading platform, has banned all deposits and withdrawals as of Monday, January 17, alleging “unauthorized behaviour” at some accounts. It has, however, reinstated some accounts and withdrawal services, indicating that the accounts are safe.
Several consumers reported on social media that their tens of thousands of dollars worth of digital assets had vanished from the exchange. Although Crypto.com claims that the accounts are safe, Peckshield, a blockchain security and data analytics organization, claims that the exchange has lost a whopping $15 million in the recent theft, or at least 4,600 ETH.
Tornado Cash was apparently used to shift the funds, making it harder to track. Technical glitches on cryptocurrency trading platforms have been increasingly widespread in recent months. Even some of the most prominent crypto exchanges have experienced significant disruptions during peak demand.
With over 10 million customers, Crypto.com is one of the most popular trading platforms in the United States. We’d like Crypto.com to provide us with more information about this.
Crypto.com partners with the Australian Football League
On the brighter side, Crypto.com has reached an agreement with the Australian Football League to become the “official cryptocurrency exchange and official cryptocurrency trading platform of the AFL and AFLW,” as well as the name rights to score reviews. Kylie Rogers, AFL executive general manager customer and commercial, commented on the development:
“Crypto.com has partnered with a number of elite sporting codes across the world and the AFL is proud to be the first Australian sports league and elite women’s competition globally to work alongside an organisation that shares our passion to progress the future of elite sport and technology”.
The exchange has been putting a lot of money into sponsoring sports teams. One of its most recent partnerships was the naming rights to the Staples Center in Los Angeles, which was renamed Crypto.com Arena.
