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Crypto.com Security Report and Next Steps
- AlexandrB 5y agoSome interesting details: > Unauthorised withdrawals totalled 4,836.26 ETH, 443.93 BTC and approximately US$66,200 in other currencies. According to The Verge, that's north of $30M USD. To Crypto.com's credit, they reimbursed any users who lost funds in the hack. However later in the press release: > WAPP is designed to protect user funds in cases where a third party gains unauthorized access to their account and withdraws funds without the user’s permission. WAPP restores funds up to USD$250,000 for qualified users; terms & conditions apply. Maybe I'm being cynical, but this sounds a CYA move in case this happens again to minimize reimbursement. One of the conditions for the WAPP probably won't sit too well with many cryptocurrency enthusiasts: > 3. Not be using jailbroken devices,