Kraken Hacked by Cybersecurity Researchers

By Matthew Rosenquist | Cybersecurity Tomorrow | 21 Jun 2024

When cybersecurity researchers break the law, destroy their reputation, and make the bug-bounty research community look bad.

TL:DR Researchers found a vulnerability in a cryptocurrency exchange. They notified the company, but then exploited the bug to steal millions.

The irony is that the “security researchers” are claiming bad faith on behalf of Kraken, even though it was them who took millions in assets that did not belong to them.

That is not how bug-bounties and ethical cybersecurity research is supposed to work!

Full article: https://www.theregister.com/2024/06/20/kraken_certik_crypto_dispute

Resources

https://www.theregister.com/2024/06/20/kraken_certik_crypto_dispute

Cryptocurrency Crypto Exchange cybersecurity hacking

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Matthew Rosenquist

Cybersecurity Strategist specializing in the evolution of threats, opportunities, and risks in pursuit of optimal security for our digital world.

Cybersecurity Tomorrow

Cybersecurity strategy perspectives for the emerging risks and opportunities of securing our digital world. The insights of today will lead to tomorrow's security, privacy, and safety foundations.