April 20, 2025

Kraken vs. CertiK: Dispute Over $3M Exploit Sparks Accusations and Controversy

1 min read

The Kraken-CertiK saga has taken another twist. Security firm CertiK claims it conducted a white hat operation on specific Kraken accounts, draining nearly $3 million, according to Kraken. However, Kraken contends that the total exploited amount was not returned, while CertiK asserts it has returned all funds according to their records. On June 20, CertiK provided an update on X, stating it had returned 734 Ether, 29,001 Tether tokens, and 1,021 Monero coins. In contrast, Kraken requested 155,818 Polygon tokens, 907,400 USDT, 475.5 ETH, and 1,089.8 XMR. The saga began on June 9, when Kraken reported receiving a bug bounty

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