Crypto Change Kraken Says Hackers Used Bug Bounty Program for ‘Extortion’ After M Exploit

Crypto Change Kraken Says Hackers Used Bug Bounty Program for ‘Extortion’ After $3M Exploit

by Jeremy

Nick Percoco, Kraken’s chief safety officer, mentioned in a put up on social media platform X (previously Twitter) that the agency obtained a “bug bounty program” alert from a safety researcher on June 9 a few vulnerability that permits customers to artificially inflate their stability. The bug “allowed a malicious attacker, underneath the suitable circumstances, to provoke a deposit onto our platform and obtain funds of their account with out totally finishing the deposit,” Percoco added.

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