A Bloomberg report on Sunday claimed that crypto exchange Crypto.com allegedly failed to disclose a 2023 security incident involving user data. According to the report, the data breach in question likely occurred in early 2023 and was orchestrated by members of Scattered Spider, a cybercriminal group known for targeting corporations with social engineering tactics. Crypto.com downplays allegationsCopy link to sectionIn response, Crypto.com has strongly pushed back against the cover-up claims. A company spokesperson told crypto media that the firm had filed a “Notice of Data Security incident” with the U.S. Nationwide Multistate Licensing System (NMLS) and also submitted reports to the relevant regulators. Unlike Crypto.com, the Coinbase breach was directly the result of insider misconduct at TaskUs, a third-party customer support vendor it had employed.