Is Crypto.com safe and well-regulated?

Security & Compliance:
Crypto.com emphasizes a multi-layered security approach:

• Cold storage for user crypto holdings.
• Withdrawal whitelisting, multi-factor authentication (MFA), and encryption protocols like ISO 27001, PCI DSS, and SOC 2

It offers strong financial safeguards, including FDIC insurance on USD deposits, approximately $750 million in crypto insurance, and regularly publishes Proof of Reserves to verify asset backing

Incident Response:

• In January 2022, Crypto.com suffered a hack resulting in $15 million in stolen Ether. The company froze withdrawals, restored services, and confirmed that no user funds were lost

Now, they have a $35 million account protection fund (Account Protection Program) and reimburse affected users under certain conditions (e.g., with MFA enabled)