Kraken Loses $3 Million to Hackers Exploiting Critical Bug, Says Security Chief

1 min read

12 months ago bitnews

A recent incident at Kraken revealed a troubling security breach, with $3 million stolen due to a bug in the exchange’s system. According to Kraken’s Chief Security Officer, the bug allowed hackers to inflate their funds through incomplete deposits. Percoco confirmed that the attackers exploited the Bug Bounty program’s loophole, leading to serious financial misconduct.