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Crypto.com Blocks Withdrawals After Alleging Users Attempted Illegitimate Trades

2 mins
Updated by Kyle Baird
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In Brief

  • A database problem on Crypto.com has caused a user service outage that the platform says could last up to 48 hours.
  • The platform says some users tried to take advantage by manipulating ETH/USDT prices but were blocked from withdrawing by risk systems.
  • According to CEO Kris Marszalek, illegitimate trades will be reversed and all user balances and services will be restored over 48 hours.
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David Hundeyin
David is a journalist, writer and broadcaster whose work has appeared on CNN, The Africa Report, The New Yorker Magazine and The Washington Post. His work as a satirist on 'The Other News,' Nigeria's answer to The Daily Show has featured in the New Yorker Magazine and in the Netflix documentary 'Larry Charles' Dangerous World of Comedy.' In 2018, he was nominated by the US State Department for the 2019 Edward Murrow program for journalists under the International Visitors Leadership...
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