Crypto.com, a popular crypto trading platform, has halted all deposits and withdrawals as of Monday, January 11, alleging “unauthorised activity” in some accounts. It has reinstated certain accounts and withdrawal services, indicating that the accounts are safe.
Several users complained on social media that their thousands of dollars worth of digital assets had vanished from the exchange. Although Crypto.com claims that the accounts are secure, Peckshield, a blockchain security and data analytics firm, claims that the exchange has lost a whopping $15 million in the current theft, or at least 4,600 ETH.
Tornado Cash was apparently used to shift the cash, 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 clients, Crypto.com is one of the most popular trading platforms in the United States.
