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Kraken claims it is being 'extorted' as hacker demands reward after $3M theft

Kraken faces extortion after a security researcher exploited a bug to steal $3 million in digital assets, demanding a reward for their work.

US-based crypto exchange Kraken has disclosed that it is being “extorted” by a self-proclaimed security researcher who exploited a critical bug from their platform to steal $3 million worth of digital assets. The crypto security firm said that they made it clear during its whitehat operation that “millions of dollars of cryptocurrency were minted from air, and no real Kraken user’s assets were directly involved” throughout its execution of the research activities. Ultimately, they publicly accused us of theft and even directly threatened our employees, which is completely unacceptable,” CertiK said in the statement shared with Crypto Briefing.

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