Crypto.com accounts had unauthorized withdrawals
The Worldwide Account Protection Program seems to be a way for Crypto.com to limit their exposure, while marketing it as "protection" for the customers.Around $34million stolen, 483 users affected. If the funds were spread evenly, then each user would have lost about $71k. But the funds won't be evenly spread (average). It's likely some users will have lost much more, and some much less.From the announcement, it looks like Crypto.com is making the users whole again;> No customers experienced a loss of funds.This means that (in some cases) Crypto.com was on the hook for much more than $71k / user. The WAPP appears to put a series of conditions on the user, and introduce an upper limit to the amount that Crypto.com will return in the future.> WAPP restores funds up to USD$250,000 for qualified users; terms & conditions apply.>     Enable Multi-Factor Authentication (MFA) on all transaction types where MFA is currently available,>    Set up an anti-phishing code at least 21 days prior to the reported unauthorized transaction,>    Not be using jailbroken devices,>    File a police report and provide a copy of it to Crypto.com; and>    Complete a questionnaire to support a forensic investigation.This looks more like a mechanism to limit Crypto.com's exposure to future events than it does a policy to protect users.