CertiK Returns $3 Million to Kraken After Public Dispute

CertiK Returns $3 Million to Kraken After Public Dispute

PENGY June 21, 2024, 6:02 am Facebook Twitter


The post CertiK Returns $3 Million to Kraken After Public Dispute appeared first on Coinpedia Fintech News

Blockchain security company CertiK has now refunded Kraken $3m in disputed funds after a bitter public disagreement regarding ethical hacking for bug bounties. The scandal started when CertiK hacked Kraken’s system and drained nearly $3 million in cryptocurrencies from Kraken’s treasury. As for CertiK, it initially stated they were white hat hackers and reported the vulnerability to Kraken, but the latter called them extortionists. Finally, Kraken’s Chief Security Officer, Nick Percoco, tweeted/X the confirmation that the stolen digital assets have been returned excluding the fees. It means that both parties have now issued statements to affirm the end of the conflict.

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