Hackers Stole $15 Million From Matt Damon’s Favorite Crypto Company And People Had So Many Jokes

Hackers Steal $15 Million From Matt Damon-Endorsed Crypto Company

Crypto.com


  • Hackers managed to steal $15 million in Ethereum from Crypto.com before quickly laundering the digital currency
  • The news generated plenty of reactions from people who were skeptical of the company’s sales pitch
  • Read more cryptocurrency news here

If you’ve tuned in to a major sporting event at any point over the last month or so, then you’re likely very familiar with Crypto.com, the company that made plenty of Lakers fans irrationally angry when it purchased the naming rights to what was formerly the Staples Centers and has made countless other people justifiably irate thanks to an unavoidable and eyeroll-inducing commercial featuring Matt Damon.

The ad—which features the actor bizarrely comparing anyone who adds cryptocurrencies to their portfolio to some of history’s most notable risk-takers—features the unofficial slogan “Fortune Favors The Brave.” However, based on what unfolded earlier this week, it appears anyone who’s brave enough to try to hack into the platform and succeed in their quest could make a tiny fortune as a result.

According to HackRead, Crypto.com temporarily disabled withdrawals on Monday after a number of users reported funds had mysteriously been taken out of their account. The CEO of the Singapore-based exchange initially claimed “all funds are safe,” but it appears the company was doing a bit of damage control based on what unfolded on Tuesday.

CoinDesk reports around $15 million in Ethereum from wallets associated with Crypto.com was laundered with Tornado Cash, a “mixer” that can be used to obscure the transaction ledgers that allow the transfer of funds to be publically tracked while keeping the identity of the owners anonymous.

It seems Crypto.com has personally compensated users who had their accounts hacked, but that didn’t stop plenty of people from making jokes at their (and the company’s) expense.

You hate to see it.

Connor O'Toole avatar
Connor Toole is the Deputy Editor at BroBible. He is a New England native who went to Boston College and currently resides in Brooklyn, NY. Frequently described as "freakishly tall," he once used his 6'10" frame to sneak in the NBA Draft and convince people he was a member of the Utah Jazz.