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Crypto.com CEO Kris Marszalek denied stories that alleged it did not disclose a 2023 breach that uncovered person knowledge, calling it ”misinformation.”
A Bloomberg report stated that hacker Noah City, tied to the Scattered Spider group, accessed a Crypto.com worker account early final yr, exposing some person knowledge.
Blockchain investigator ZachXBT later claimed the corporate tried to cowl up the breach and prompt a number of knowledge compromises.
Marszalek denied the claims, saying the incident was absolutely reported to regulators and concerned solely restricted private info, with no buyer funds in danger.
He added that false tales had been spreading on-line from uninformed sources and stated solutions of a cover-up had been “fully unfounded.”
🚨 Bloomberg: Crypto․ com hid a Scattered Spider breach.
Teen hacker Noah City (ex-Minecraft child) concerned.#ZachXBT uncovered the cover-up.
Crypto․ com: “no funds misplaced, only a few customers.”💰 $1.5B income + IPO plans… however secret hacks. pic.twitter.com/D5dYCobRJJ
— CCN (@CCNDotComNews) September 21, 2025
This comes as crypto exchanges face heightened scrutiny on safety and transparency after Coinbase disclosed a serious knowledge leak earlier this yr.
Crypto.com Says It Reported the Incident Absolutely
Crypto.com advised CoinTelegraph that it filed a proper “Discover of Knowledge Safety Incident” within the US Nationwide Multistate Licensing System. It additionally knowledgeable different regulatory our bodies.
It additionally stated the breach was brought on by a phishing assault on one worker and added that the incident was caught rapidly, with no buyer funds touched or in danger. The alternate denied hiding any info from regulators or the general public.
https://t.co/wTDvHLumKR CEO Kris Marszalek denies a cover-up of the 2023 safety breach linked to the Scattered Spider group and hacker Noah City.
The platform claims it knowledgeable regulators and no person funds had been misplaced. pic.twitter.com/BGrGVwjBLm— Crypto Hawk (@CryptoKelvin12) September 22, 2025
Crypto.com says it has put main safety enhancements in place because the previous incidents.
The alternate assured customers that their funds and knowledge are protected and that it stays targeted on defending buyer info and sustaining belief in a extremely aggressive market surroundings.
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