Kraken IPO

Kraken Faces $3 Million Security Breach by Rogue Researchers Exploiting Exchange Bug

June 19, 2024
In a startling incident, the prominent cryptocurrency exchange Kraken has disclosed a $3 million loss resulting from an exploited bug in its funding system. The breach, reported by Kraken’s Chief Security Officer Nick Percoco, highlights significant challenges in balancing security and ethical hacking within the crypto ecosystem. On June 9, Kraken received an alert from