CertiK faced threats from Kraken

CertiK faced threats from Kraken

user avatar

by Eve Adams

2 years ago


Experts from the company CertiK, specializing in blockchain security, identified several critical vulnerabilities in the centralized exchange Kraken. They reported that these vulnerabilities could lead to losses of hundreds of millions of US dollars (USD). Additionally, the specialists stated that representatives of the exchange threatened them. The experts pointed out a vulnerability in the deposit system.

The CertiK team conducted a thorough investigation into three main issues: the possibility for an attacker to fabricate a deposit transaction, withdraw fake funds, and the risk control and asset protection measures activated when requesting a large sum transfer.

Based on our analysis, the Kraken exchange failed the tests, indicating that the security system is compromised in several areas. Millions of dollars can be deposited into any account. A vast amount of fabricated cryptocurrencies, even worth more than $1 million, can be withdrawn and converted into other assets. During several days of testing, not a single alert was generated. Kraken responded and blocked our test accounts only a few days after we officially reported the incident, stated CertiK.

After CertiK notified Kraken of the issues, the exchange's security service classified the incident as «critical», the highest level of danger for the platform.

In the spirit of transparency and commitment to the Web3 community, we publicly disclose this issue to protect the security of all users. We also urge Kraken to stop threatening white hackers, stated CertiK representatives.

Despite resolving the issue, Kraken's security team threatened individual CertiK employees, stating they would not pay the due reward. Furthermore, Kraken did not specify the transfer deadlines and did not request addresses for sending the reward.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Critical PHP Vulnerability Leads to Global Website Shutdowns

A critical vulnerability in PHP has caused panic worldwide, leading several countries to take down government websites and urging organizations to shut down their PHP-based sites.

user avatarLucas Weissmann

Probly Showcases Innovative Prediction Market Solutions at TOKEN2049

During TOKEN2049, Probly showcased its innovative approach to prediction markets, emphasizing accessibility, broad market coverage, and onchain settlement.

user avatarFilippo Romano

Probly Wraps Up Successful Sponsorship at TOKEN2049 Singapore

Probly successfully participated as a Gold Sponsor at TOKEN2049 Singapore, cohosting the WHALE3RA Afterparty with ecosystem partners.

user avatarEmily Carter

Plex Media Server Vulnerabilities Exploited for Cryptojacking

Attackers are exploiting vulnerabilities in Plex Media Server to install unauthorized cryptocurrency miners and a Linux proxy backdoor.

user avatarTomas Novak

Super League Shareholders Approve Metaplanets Bitcoin Treasury Proposal

Super League shareholders approved a proposal for Metaplanets to contribute 2,100 BTC and $25 million to a new US-listed Bitcoin treasury platform.

user avatarKaterina Papadopoulou

Sophon Sets Withdrawal Deadline Ahead of Mainnet Shutdown

Sophon has set a deadline for users to withdraw their assets by November 25 ahead of the shutdown of its standalone chain.

user avatarMaya Lundqvist

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.