Crypto Exchange Kraken Loses $3 Million to Exploited Security Flaw

Quick Summary:

The exploit unveiled Kraken got an email from its Bug Bounty researcher on 9th June 2024, which alerted it about a serious vulnerability in the network.

In this case, three accounts began trying the identical move inside of a week and all of them tried to transfer $3 million out of the exchange.

Kraken was able to respond to the alert and eliminate the security problem within 47 minutes.

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Article Details

Author / Journalist: Elena R

Category: Crypto

Markets: United States

Topics: News Hack

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-20 @ 06:03:36 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 341 words

Reading Time: 2 minutes read

Sentences: 26 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 21317762

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 15 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 15 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #112

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