May 1, 2025

Kraken reveals bug allowed rogue ‘security researchers’ to exploit $3M

1 min read

US-based exchange Kraken lost almost $3 million in its treasury after an unnamed security company exploited a bug on its platform. The chief security officer, Nick Percoco, disclosed this in a post on X, stating that the security firm has refused to return the funds and is now demanding a higher payout as a bounty.

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Source: Cryptopolitan

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