Kraken User Allegedly Drained in Suspected Social Engineering Heist
A Kraken user reportedly lost $18.2 million due to a social engineering scam, with stolen funds being moved through THORChain.Summary
A Kraken user has allegedly been the victim of a sophisticated social engineering attack resulting in a loss of $18.2 million. Blockchain investigator ZachXBT reported that the attacker began transferring 878 ETH (approximately $1.8 million) from Ethereum to Bitcoin via THORChain, a decentralized cross-chain liquidity protocol known for lacking KYC verification and being used for laundering stolen funds. This incident follows similar attacks in January 2026 and 2025, where attackers exploited social engineering to steal significant amounts of cryptocurrency and then utilized THORChain to obscure the funds' origins. The investigation is ongoing, with on-chain trackers monitoring the movement of the stolen assets. Neither Kraken nor SafePal have yet issued a public statement regarding the incident.
(Source：BeInCrypto)