Kraken recovers $3M as criticism mounts against CertiK
Share link:In this post: Blockchain security firm CertiK revealed that it was the security firm that exploited a vulnerability on Kraken to move funds. The firm’s action has attracted steep criticism from the crypto community, who described the events as criminal. Kraken’s chief security officer Nick Percoco revealed that the firm has recovered the funds.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provide
The crypto community has heavily criticized blockchain security firm CertiK for its issues with the crypto exchange Kraken. On June 19, the company revealed itself as the ‘security research’ company Kraken had attributed a theft worth $3 million worth of digital assets to.
Also read: Kraken reveals bug allowed rogue ‘security researchers’ to exploit $3M
Kraken’s chief security officer Nick Percoco had revealed that an unnamed “security researcher” had exploited a bug on the crypto exchange to steal millions in digital assets. Percoco continued that the researcher had refused to return the stolen funds and instead chose to extort the exchange for a speculative amount.
Kraken recovers stolen funds
A few hours after Kraken’s revelation, CertiK stated that it had informed Kraken of the exploit that allowed it to withdraw the funds from the exchange’s accounts. The security firm posted a timeline of the events and claimed that Kraken threatened its employees. It stated:
“After initial successful conversations on identifying and fixing the vulnerability, Kraken’s security operation team has THREATENED individual CertiK employees to repay a MISMATCHED amount of crypto in an UNREASONABLE time even WITHOUT providing repayment addresses.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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