Crypto.com Refutes Data Leak Cover-Up Claims, Citing Regulatory Disclosures

Crypto.com Refutes Data Leak Cover-Up Claims, Citing Regulatory Disclosures

Crypto.com Addresses Data Leak Allegations, Denies Cover-Up Recent reports have cast a shadow over cryptocurrency exchange Crypto.com, alleging that the platform concealed a significant data breach in 2023. These claims, primarily stemming from an investigation by Bloomberg and reiterated by other news outlets, suggest that the personal details of users were exposed during an incident involving a notorious hacking collective. However, Crypto.com has swiftly and vehemently pushed back against these accusations, labeling them as "unfounded" and asserting that the incident was duly reported to regulatory authorities at the time it occurred. The controversy centers on a hacking group known as Scattered Spider and a young individual, 18-year-old Noah Urban, who is reportedly a member of the group. According to the investigative reports, the attackers gained unauthorized access to an employee account at Crypto.com through sophisticated phishing and social engineering tactics. While …