Crypto.com CEO Denies Alleged 2023 Hack as CRO Faces Price Drop

Key Highlights ￰0￱ CEO dismisses breach cover-up claims, stresses quick containment measures CRO token drops 6% in 24h, extending weekly losses after security concerns emerged Trump Media deal and IPO prospects position ￰1￱ for stronger Q4 performance ￰2￱ CEO Kris Marszalek has spoken about allegations of a data breach in 2023 that appears to have impacted the ￰3￱ claims were that teenage hackers managed to get into the account of an employee where limited user information was ￰4￱ widespread speculation, Marszalek insisted that no customer funds were in jeopardy and that the breach was quickly ￰5￱ controversy began after a Bloomberg investigation linked the attack to the Scattered Spider hacking group, highlighting 18-year-old Noah Urban of Florida as a key ￰6￱ report suggested the hackers used phishing techniques to access internal systems.

However, ￰7￱ officials confirmed the exposure involved only a very small number of users and partial personal ￰8￱ Refutes Allegations of Silence Marszalek took to social media to respond, describing claims of a cover-up as ￰9￱ explained that ￰10￱ had reported the incident in a 2023 NMLS filing and to relevant ￰11￱ CEO stressed that the platform maintains a “security-first culture” and holds more security certifications than any ￰12￱ also reiterated that the phishing attempt was contained within hours and that customer funds remained entirely safe. Moreover, blockchain investigator ZachXBT alleged that there were various breaches, which Marszalek denied ￰13￱ CEO emphasized that ￰14￱ continuously enhances its systems and passes through strict security ￰15￱ positioned the incident as a contained event, which shows the strength of the platform, as opposed to its ￰16￱ Price Dips Amid Market Turbulence Following the reports, Cronos (CRO) experienced a notable price ￰17￱ as of press time trades at $0.2091 with a 24-hour volume of $89.7 ￰18￱ token has declined almost 6% in the past day and over 8% across the last ￰19￱ observers noted the correction follows a brief surge tied to a high-profile partnership with Trump Media & Technology ￰20￱ this month, ￰21￱ finalized an agreement with Trump Media to establish a CRO ￰22￱ companies also intend to introduce a range of ETFs and ETPs in the near ￰23￱ though the prices have been fluctuating lately, Marszalek is optimistic in Q4 ￰24￱ is allegedly pursuing IPO prospects and strengthening alliances and stability of high ￰25￱ by a 1.5 billion yearly revenue and 1 billion gross profit, ￰26￱ remains one of the most lucrative crypto ￰27￱ propose that the proactive security measures and the growing institutional collaboration of the platform may enhance investor confidence in the future.