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Crypto.com Suspends Withdrawals After ‘Unauthorized Activity’

Jan. 17, 2022, 4:00 PM

Crypto.com said it stopped all deposits and withdrawals while it investigates “unauthorized activity” on some accounts.

The crypto wallet provider and trading platform said in a Twitter post that the measure was temporary to allow it improve security and it would resume activity once the update was complete. The company added that all funds are safe.

Several users had reported on social media that their cryptocurrencies, at times equating to tens of thousands of dollars, had disappeared from their Crypto.com accounts in recent days. A spokesperson from Crypto.com didn’t respond to a request for comment.

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