Crypto.com’s Long-Hidden Security Breach Exposed, Accelerates CRO Token Crash

TradingKey – A previously undisclosed security incident at Crypto.com has come to light, triggering a sharp decline in its native token CRO.

On Monday, September 22, CRO plunged more than 12% following revelations of a past security breach, falling to $0.21—its lowest level since August 27.

[CRO Price Chart – Source: TradingView]

According to a recent Bloomberg Businessweek report, Crypto.com suffered a cyberattack in 2023 but failed to disclose it publicly. The breach allegedly involved a teenager named Noah Urban and his accomplices, who gained access to employee accounts.

Years later, Crypto.com CEO Kris addressed the issue on social media, stating that the company had reported the incident to NMLS and relevant regulators. He clarified that the breach stemmed from a phishing attack targeting one employee, was contained within hours, and did not compromise customer funds. Only a small number of users had limited personal data affected.

Previously, CRO had rallied on news of multiple partnerships between Crypto.com and the Trump family, reaching a three-year high of $0.38 on August 28. Since then, the token has retraced 44% and may continue sliding toward the $0.15 level.