Kraken Crypto Exchange Hit by $3 Million Theft Exploiting Zero-Day Flaw

The cryptocurrency exchange Kraken disclosed that an anonymous security researcher had taken advantage of a “very critical” zero-day vulnerability in its system to pilfer $3 million worth of digital assets, and was refusing to give them back.

The researcher’s defect Bounty program notice concerning a defect that “allowed them to artificially inflate their balance on our platform” was posted by Nick Percoco, Chief Security Officer of Kraken, on X (formerly Twitter). No further details were provided.

The business claimed to have found a security flaw in minutes after receiving the notice, which essentially allowed an attacker to start a deposit on our platform and transfer money into their account before the deposit was completed read more about Kraken Crypto Exchange Hit by $3 Million Theft Exploiting Zero-Day Flaw.

Get up to date on the latest cybersecurity news and enhance your knowledge of cybersecurity with our thorough coverage of the dangers, breaches, and solutions.

Leave a Reply

Your email address will not be published. Required fields are marked *