Crypto.com Security Breach May Cost $33 Million, On-Chain Analyst Suggests By Cointelegraph

©Reuters. Crypto.com security breach could cost $33 million, on-chain analyst suggests

The on-chain analyst claims that Crypto.com’s loss in the latest security breach could have been worth more than the reported $15 million.

The pseudonymous ErgoBTC, an on-chain analyst at () research firm OXT Research, claims that the Crypto.com security breach that is said to have resulted in the loss of 4,600 ETH ($15 million), may be worth up to $33 million.

Adding another 444 BTC to the previously reported 4.6k ETH from yesterday’s @cryptocom hack.Still no acknowledgement of loss, despite large outflows from the custodial wallet into ETH’s Tornado Cash and a well known BTC tumbler (as detailed below). pic.twitter.com/GalJKM6bi9

Read the full article on Cointelegraph

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