Kraken's Chief Security Officer disclosed on Wednesday that the exchange lost at least $3 million in treasury funds due to a now-solved bug.
Kraken Exchange revealed that its platform suffered a bug-related incident. Two other research accounts involved in locating the bug are in possession of $3 million of the exchange's treasury funds. Certik claims to be behind the extraction, stating that Kraken's defenses were compromised on several fronts. Kraken's Chief Security Officer disclosed on Wednesday that the exchange lost at least $3 million in treasury funds due to a now-solved bug.
He claimed that the researcher who identified this flaw did not mention that two other accounts had been involved and had altogether extracted nearly $3 million from the platform to prove the security lapse. Kraken claimed that the hackers refused to return the funds in exchange for the bug bounty, so it opted to involve law enforcement agencies in the case.
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