According to Bloomberg and several other news outlets, Crypto.com has pushed back against a report that a 2023 breach exposed user details and was kept from authorities.

The story centers on a hacking group known as Scattered Spider and a young suspect who, according to reports, used phishing and social engineering to access an employee account. Crypto.com says the claims that it hid the incident are “unfounded.”

Company Statement And Regulators

Crypto.com’s leadership has said the incident was reported to regulators at the time. CEO Kris Marszalek and company spokespeople told reporters that the breach affected a “very small number of individuals,” involved limited personally identifiable information (PII), and did not put customer funds at risk.

Based on reports, the firm says

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