400 Customers Hit In Crypto.com Security Breach
The Straits Times|January 21, 2022
All those affected have been reimbursed, says CEO of S’pore-headquartered firm

NEW YORK Crypto.com has not received any “outreach” from regulators following a cyber-security breach earlier this week of about 400 customer accounts, according to chief executive officer Kris Marszalek.

During an online interview at Bloomberg’s Year Ahead virtual conference, Mr Marszalek said from Singapore that he is prepared to share information on the hack if any relevant inquiries come from regulators.

A Monetary Authority of Singapore (MAS) spokesman told The Straits Times that Foris DAX Asia, which operates Crypto.com, is currently exempt from holding a licence under the Payment Services Act while its licence application is under review.

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