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Crypto.com CEO Denies Concealing 2023 Breach Linked to Teenage Hacker
['Fintech News Singapore']
Fintech Singapore
Free Newsletter Get the hottest Fintech Singapore News once a month in your InboxCrypto.com CEO Kris Marszalek is pushing back against allegations that the exchange concealed a security breach detailed in a Bloomberg report.
Bloomberg reported on 19 September that Noah Urban, a teenage hacker linked to the Scattered Spider group, and an accomplice gained access to a Crypto.com employee account in early 2023.
The attack exposed some personal data from a small number of users but did not compromise customer funds.
In his post on X, Marszalek said the company filed the required notifications, including a Notice of Data Security Incident under the Nationwide Multistate Licensing System, along with reports to relevant regulators.
He said the breach stemmed from a phishing campaign targeting an employee, was contained within hours and involved only limited user information.
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