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Some interesting details: > Unauthorised withdrawals totalled 4,836.26 ETH, 443.93 BTC and approximately US$66,200 in other currencies. According to The Verge
by AlexandrB 5y ago
Some 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,