April 22, 2025

Just In: Kraken Responds to Extortion Attempt Following Security Breach

1 min read

Kraken, a major cryptocurrency exchange, recently managed a security breach and potential extortion attempt after a supposed bug bounty report became a demand for money. Chief Security Officer Nick Percoco outlined the events, noting a flaw was exploited to inflate account balances artificially. This incident has prompted an investigation involving law enforcement and emphasized the The post Just In: Kraken Responds to Extortion Attempt Following Security Breach appeared first on CoinGape .

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Source: CoinGape

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