'We Are Currently Being Extorted' — Crypto Giant Kraken Says It Is Facing Extortion Attack, Here's What We Know

'We are currently being extorted' — crypto giant Kraken says it is facing extortion attack, here's what we know

The identity of the attackers isn't known, but this seems to have been an inside job.

Crypto-exchange Kraken extorted by hackers after insider breach

The Kraken cryptocurrency exchange announced that a cybercrime group is trying to extort the company by threatening to release videos showing internal systems that host client data. [...]

Crypto-exchange Kraken extorted by hackers after insider breach | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #hacker - National Cyber Security Consulting

The Kraken cryptocurrency exchange announced that a cybercrime group is trying to extort the company by threatening to release videos showing internal systems that host client data. The company’s Chief Security Officer, Nick Percoco, stated that the incident did not put client funds at risk and involved an insider threat, with two instances of improper access to […] Thank you for subscribing to our RSS feed! The post Crypto-exchange Kraken extor…

Kraken faces extortion threat over rogue employee breach

The crypto exchange is refusing to pay criminals who accessed internal systems through rogue employees, sparking concerns over its new Fed master account.

A Bug, a Bounty, and a Shakedown: How Kraken’s $3 Million Crypto Theft Exposed the Dark Side of White-Hat Hacking

A security researcher found a critical flaw in one of the world’s largest cryptocurrency exchanges. What should have been a routine bug bounty report turned into something far more troubling — an alleged extortion scheme involving millions of dollars in stolen digital assets, a standoff between a major exchange and a blockchain security firm, and a public reckoning over where ethical hacking ends and criminal behavior begins. The story, which fi…