Kraken Rejects Extortion After $0 Stolen in Security Breach

Security Breach Confirmed

Kraken is standing its ground against cybercriminals. The exchange confirmed that attackers accessed internal support systems after a security researcher identified a vulnerability in the platform. The intruders obtained videos depicting staff interacting with client data. Despite the pressure, the firm refuses to engage with the extortionists.

Chief Security Officer Nick Percoco stated that the exchange will not negotiate with the actors responsible. Kraken maintains that its core systems remain secure. The breach appears limited to the support interface rather than the exchange's primary financial infrastructure.

The Scope of the Incident

Security researchers discovered a bug that allowed unauthorized access to back-end support tools. While the attackers captured footage of employees managing client requests, the company insists that the impact on user funds is non-existent. The vulnerability was patched shortly after internal teams became aware of the threat.

"We have confirmed that no client funds were at risk, and our platform remains fully operational," the company noted in its internal assessment of the event.

Internal Response and Data Integrity

Kraken’s security team acted quickly to contain the unauthorized access. The incident highlights the risks associated with internal support systems, which often require high levels of permissions. Traders monitoring the crypto market analysis should note the following details regarding the breach: