Crypto Exchange Shuts Down Withdrawals After Hackers Reportedly Steal $33 Million in Bitcoin, Ethere

Updated: Feb 12


“The crypto market's whiplash volatility can make investing in certain coins feel like a major gamble, especially to those less familiar with the ins and outs of digital wallets and blockchain technology. It also poses a cybersecurity risk in the event that digital hackers and thieves find a way into your portfolios."



This was precisely the case Monday, when it was found that an estimated $15 million worth of Ethereum was stolen from exchange platform Crypto.com.

Multiple users had begun reporting missing funds and odd activity on their accounts, prompting the site to release a statement via Twitter, reading, “We have a small number of users reporting suspicious activity on their accounts. We will be pausing withdrawals shortly, as our team is investigating. All funds are safe.”


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