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Seeking Alpha 2022-01-17 16:57:09

Crypto.com puts withdrawals on pause after suspicious activity in some accounts

Crypto.com temporarily suspends withdrawals from accounts after a "small number of users" reported suspicious activity on their accounts, the cryptocurrency platform said via tweet. "All funds are safe," the company asserted after some users reported unauthorized activity in their accounts. At 10:56 AM ET, it said it expected to resume withdrawals in the next 30 to 60 minutes. Ben Baller, a crypto influencer and podcast host, said early on Monday that 4.28 ether (ETH-USD) was stolen from his account. As crypto attract gains more adherents, that also attracts hackers and regulators' attention. In August, Poly Network retrieved assets from a $611M hack, which had included $273M of ethereum tokens and $253M of Binance Smart Chain Tokens. Crypto.com has increased its name recognition by buying naming rights to what had been called the Staples Center, the arena that's home to the L.A. Lakers basketball team. It's also adding to its business through acquisitions. In December,

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