BREAKING: Hacked as Scammers Steal $15 Million Worth of Ethereum (ETH) From Exchange

Popular cryptocurrency exchange has lost around a staggering $15 million worth of Ethereum (ETH) to scammers, according to PeckShield, blockchain security and data analytics company.

"The @cryptocom loss is about $15M with at least 4.6K ETHs and half of them are currently being washed via @TornadoCash— PeckShield Inc. (@peckshield) January 18, 2022," the blockchain security company informed investors through its official handle.

Moreover, on January 17, reported that users have claimed suspicious activities on their accounts. A tweet on the major crypto exchange read, "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."
Web Screen Grab Users Complain About Losing Digital Currencies

However, many users complained of losing cryptocurrencies like Bitcoin (BTC) and Ethereum from their accounts. A user by the name crypto warrior tweeted, "I just had 2 BTC stolen from my account what's happening???" Another wrote to the exchange, "I messaged yah guys hours ago about my account having 4.28ETH stolen out of nowhere and I'm also wondering how they got passed the 2FA?"

"No Customer Funds Were Lost": Kris Marszalek

Addressing the latest exchange hack, Crypto․com CEO Kris Marszalek also took to Twitter to inform traders that no customer funds were lost and the team is currently investigating the incident. "We will share a full post mortem after the internal investigation is completed," Marszalek said.

Ethereum Current Price

Meanwhile, the decentralized Bitcoin competitor Ethereum, co-founded by Vitalik Buterin is currently trading at $3,203.19 up by +2.28% with a market cap of $381,950,361,335 and trading volume of $11,988,972,563, which is up by +10.98% in the last 24 hours. In November, Ether was trading All-Time High at $4,891.70. Since then the coin has dipped -34.52%.

International Business Times always advices crypto investors to be well aware of the trends in the crypto market and not fall for any trading rumors. Investors should also choose an exchange wisely.

This article was first published on January 18, 2022