Crypto.com CEO Acknowledges 400 Customer Accounts Were Hacked

CoinDesk published this video item, entitled “Crypto.com CEO Acknowledges 400 Customer Accounts Were Hacked” – below is their description.

The CEO of Singapore-based centralized crypto exchange Crypto.com, Kris Marszalek, confirmed Wednesday 400 accounts were hacked earlier this week. “The Hash” team discusses the potential repercussions for Crypto.com amid a marketing blitz and what this could mean for the future of decentralized exchanges.

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Crypto.com Coin was launched by the Crypto.com company as part of its vision of “putting cryptocurrency in every wallet.” Crypto.com itself was founded in June 2016 as “Monaco Technologies GmbH” by Kris Marszalek, Rafael Melo, Gary Or and Bobby Bao.

Crypto.com Coin (CRO) is the native cryptocurrency token of Crypto.com Chain — a decentralized, open-source blockchain developed by the Crypto.com payment, trading and financial services company.

CRO went live in November-December 2018.

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Singapore, officially the Republic of Singapore, is a sovereign island city-state in maritime Southeast Asia.

The country’s territory is composed of one main island, 63 satellite islands and islets, and one outlying islet, the combined area of which has increased by 25% since the country’s independence as a result of extensive land reclamation projects. It has the second greatest population density in the world. The country has almost 5.7 million residents, 61% (3.4 million) of whom are Singaporean citizens. There are four official languages of Singapore: English, Malay, Chinese, and Tamil; with English being the lingua franca.

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