Crypto Blog
Crypto exchange Kraken says it got its money back from the “security researchers” that took $3 million from the platform this year.Earlier that day, Percoco revealed that Kraken had recently patched a bug that let technically sophisticated individuals artificially inflate their balance on the platform, effectively letting them steal any amount of money from the exchange since January.
While CertiK characterized its actions as a “whitehat” operation to help reinforce Kraken’s security, the way the company went about its actions did not sit well with Kraken nor the wider crypto community. “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,” CertiK contested over Twitter.on Thursday that all funds had been returned, though in a different crypto amount than Kraken had commanded. It also justified the size of its attack as necessary to test the limit of Kraken’s alerts and risk controls – which still never went off after losing millions.
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