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Crypto exchange Kraken targeted in extortion attempt; says no breach and no funds at risk

CoinDesk
Kraken is facing an extortion attempt involving unauthorized access by internal staff but confirms no system breach occurred and no client funds are at risk.

Summary

Crypto exchange Kraken is currently dealing with an extortion attempt by a criminal group threatening to release videos of internal system access. The firm identified two separate incidents where individuals within its support team accessed limited client data, affecting approximately 2,000 accounts. Kraken's Chief Security and Information Officer, Nick Percoco, stated that no systems were breached and no client funds were ever at risk. The company has refused to pay the extortionists, terminated the involved personnel, and is cooperating with law enforcement to address broader insider recruitment threats.

(Source:CoinDesk)