Crypto.com Data Breach Tied to Scattered Spider Hackers Was Not Publicly Reported, Bloomberg Says

Core Viewpoint - Crypto.com faced a previously unreported data breach involving the Scattered Spider hacking group, which exposed personal information of users, although the company claims no customer funds were at risk [2][3]. Company Response - A spokesperson from Crypto.com stated that the incident was reported to regulators and involved a phishing campaign targeting an employee, affecting a very small number of individuals [1][2]. - The company emphasized that the breach was not publicly disclosed to users whose personal information was compromised [4]. Incident Details - The attack was executed by teenage hackers, including Noah Urban, who is linked to a notorious cybercriminal organization responsible for high-profile attacks [3]. - The breach was contained within hours of detection, and the company maintains that no customer funds were accessed [1][3]. Financial Performance - Despite the undisclosed security incident, Crypto.com generated $1.5 billion in revenue last year, with $1 billion in gross profit, positioning itself as one of the most profitable crypto platforms [4]. - The CEO, Kris Marszalek, predicts a strong fourth-quarter performance and is exploring potential IPO options while expanding partnerships [4].