Kraken Exposes $3 Million Exploit By Research Team, Launches Criminal Investigation

Quick Summary:

Cryptocurrency exchange Kraken recently revealed that it had fallen victim to a critical security flaw, resulting in the appropriation of $3 million worth of digital assets by a research team.

Kraken has launched a criminal investigation into the matter and is coordinating with law enforcement agencies to address the incident.

When Kraken requested the return of the funds, the researchers refused, demanding discussions with their business development team and specifying a speculated amount that the bug could have caused if undisclosed.

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets: HungaryEl SalvadorMali

Topics: Crypto exploit Kraken news Cryptocurrency Crypto Crypto news Kraken Kraken crypto exchange Kraken Exchange Digital currency Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-20 @ 00:00:12 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 501 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 16 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 21316047

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About Bitcoinist

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Official Website: bitcoinist.com

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Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

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