Crypto.com CEO Chris Marschalek said the exchange notified regulators about the 2023 leak and that rumors of a cover-up are misinformation.
Crypto.com Denies Allegations of Covering Up Data Leak
Bloomberg, citing a member of the Scattered Spider hacking group, reported that in 2023, hackers gained access to a Crypto.com employee’s account, exposing the personal data of some users.
Blockchain detective ZachXBT added that the exchange allegedly “covered up multiple breaches,” drawing criticism amid security concerns following the Coinbase incident.
Crypto.com’s position
The company said that:
- the incident was related to a phishing attack on an employee,
- the leak involved a limited amount of PII data of a small number of people,
- the issue was fixed within a few hours,
- no user funds were affected.
“We have filed an official incident report in the US through the Nationwide Multistate Licensing System, and have also made additional reports to the relevant regulators,” a company spokesperson said.
CEO Chris Marschalek confirmed this to X:
“Any suggestion that we underreported or covered up the incident is baseless. This is misinformation from uninformed sources.”
Context and political ties
It is unknown whether the affected users were personally notified.
The incident occurred amid increasing cooperation between the crypto industry and the Trump administration. This month, Trump Media & Technology Group, the parent company of Truth Social, entered into an agreement with Crypto.com to form a treasury in Cronos tokens (CRO $0.2078).
