Share this article
Crypto.com Says Hackers Stole Nearly $34M From Users
The hack prompted the site to now offer protection for funds of up to $250,000 in the event of a third party gaining unauthorized access to accounts.
Updated May 11, 2023, 5:56 p.m. Published Jan 20, 2022, 10:59 a.m.
Cryptocurrency exchange Crypto.com said hackers stole nearly $34 million during the Jan. 17 hack.
- The Singapore-based exchange, in an update on Thursday, acknowledged that unauthorized withdrawals totaled 4836.26 ether ($15.2 million), 443.93 bitcoin ($18.7 million) and $66,200 in U.S. dollars.
- On-chain data from PeckShield had previously suggested that 4,600 ether had been stolen and were being laundered via Tornado Cash, an ETH mixer protocol aimed at improving transaction privacy.
- As a result of the hack, Crypto.com has introduced a Worldwide Account Protection Program (WAPP), whereby qualified users' funds are protected up to $250,000 in the event of a third party gaining unauthorized access to their account.
- The hack affected 483 users, all of whom have been fully reimbursed, Crypto.com said.
- Following reports of "unauthorized activity" on Monday Crypto.com suspended withdrawals on its platform, subsequently advising users to sign back in and reset their two-factor authentication.
- Crypto.com CEO Kris Marszalek told Bloomberg TV on Wednesday that the numbers for the hack were "not particularly material and customer funds were not at risk."
- A recent hack of crypto exchange BitMart saw losses of $196 million after a private key was stolen.
Read more: Multichain Hack Worsens as Loss of Funds Reaches $3M: Report
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
UPDATE (Jan. 20, 2022, 14:16 UTC): Adds information on Crypto.com's new WAPP program.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Foundation behind restaking protocol EigenLayer plans bigger rewards for active users
An Incentives Committee would direct programmatic token emissions, focusing allocations on participants that secure AVSs and contribute to the EigenCloud ecosystem.
What to know:
- The Eigen Foundation has unveiled a governance proposal aimed at ushering in new incentives for its EIGEN token, shifting the protocol’s reward strategy to prioritize productive network activity and fee generation.
- Under the plan, a newly formed Incentives Committee would manage token emissions, prioritizing participants who secure Actively Validated Services and expand the EigenCloud ecosystem.
- The proposal includes a fee model that channels revenue from AVS rewards and EigenCloud services back to EIGEN holders, potentially creating deflationary pressure as the ecosystem grows.
Top Stories
