Kraken Reports Nearly $3 Million Bug-Related Exploit, Impact on Security Measures Discussed

Wednesday, 19 June 2024, 19:22
In a significant event, Kraken crypto exchange experienced a $3 million loss due to a bug exploit, leading to concerns over security measures. The incident involved three researchers who managed to acquire funds from Kraken's treasury, highlighting vulnerabilities in crypto exchanges. The breach underscores the importance of robust security protocols and the need for continuous monitoring to prevent such exploits in the future.
Be in Crypto
Kraken Reports Nearly $3 Million Bug-Related Exploit, Impact on Security Measures Discussed

Kraken Reports Nearly $3 Million Bug-Related Exploit

In a major development, Kraken crypto exchange faced a substantial $3 million loss following a bug exploit.

Incident Details

  • Security Breach: Three researchers were able to acquire funds from Kraken's treasury.

The exploit has raised concerns about the security measures in place at Kraken and other crypto exchanges.

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