Report Reveals Kraken's Accusations of Extortion Against Security Researchers for $3 Million Bug Exploit

The American cryptocurrency exchange Kraken has found itself at the center of a heated debate following its claims that security researchers were responsible for exploiting a vulnerability on its platform, leading to the withdrawal of nearly $3 million from its treasury. According to Kraken's Chief Security Officer Nick Percoco, a bug in the system allowed a malicious attacker to initiate a deposit and receive funds without completing the deposit process, resulting in financial loss for the exchange.