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Kraken: We Are Being Extorted by Criminals

From financemagnates.com

Videos circulating on dark web forums have pulled crypto exchange Kraken into an extortion attempt, but the exchange says no systems were compromised and client funds remain secure. The firm claims a criminal group is threatening to release internal footage to pressure the exchange into paying a ransom. Kraken discovered that two incidents involving insider access to limited support data led to about 2,000 accounts being exposed, representing just 0.02% of its client base. Investigations revealed that both cases were tied to individuals within its support team, whose credentials were immediately revoked once the ... (full story)

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  • Category: Fundamental Analysis