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Crypto.com CEO Kris Marszalek denied studies that alleged it didn’t disclose a 2023 breach that uncovered person knowledge, calling it ”misinformation.”
A Bloomberg report stated that hacker Noah City, tied to the Scattered Spider group, accessed a Crypto.com worker account early final 12 months, exposing some person knowledge.
Blockchain investigator ZachXBT later claimed the corporate tried to cowl up the breach and urged a number of knowledge compromises.
Marszalek denied the claims, saying the incident was totally reported to regulators and concerned solely restricted private data, with no buyer funds in danger.
He added that false tales have been spreading on-line from uninformed sources and stated recommendations of a cover-up have been “utterly unfounded.”
🚨 Bloomberg: Crypto․ com hid a Scattered Spider breach.
Teen hacker Noah City (ex-Minecraft child) concerned.#ZachXBT uncovered the cover-up.
Crypto․ com: “no funds misplaced, just some customers.”💰 $1.5B income + IPO plans… however secret hacks. pic.twitter.com/D5dYCobRJJ
— CCN (@CCNDotComNews) September 21, 2025
This comes as crypto exchanges face heightened scrutiny on safety and transparency after Coinbase disclosed a significant knowledge leak earlier this 12 months.
Crypto.com Says It Reported the Incident Totally
Crypto.com advised CoinTelegraph that it filed a proper “Discover of Information Safety Incident” within the US Nationwide Multistate Licensing System. It additionally knowledgeable different regulatory our bodies.
It additionally stated the breach was attributable to a phishing assault on one worker and added that the incident was caught shortly, with no buyer funds touched or in danger. The trade denied hiding any data from regulators or the general public.
https://t.co/wTDvHLumKR CEO Kris Marszalek denies a cover-up of the 2023 safety breach linked to the Scattered Spider group and hacker Noah City.
The platform claims it knowledgeable regulators and no person funds have been misplaced. pic.twitter.com/BGrGVwjBLm— Crypto Hawk (@CryptoKelvin12) September 22, 2025
Crypto.com says it has put main safety enhancements in place for the reason that previous incidents.
The trade assured customers that their funds and knowledge are secure and that it stays targeted on defending buyer data and sustaining belief in a extremely aggressive market surroundings.
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