CertiK, Kraken and the entire crypto community had a conflict due to the discovered exploit

20.06.2024
20.06.2024

Yesterday, Kraken reported that it was hacked for $3 million due to a critical vulnerability. This vulnerability allowed attackers to artificially inflate their deposit balances.

Kraken did not say who reported the bug to it. It turned out that it was CertiK.

The company said it has discovered several critical vulnerabilities in Kraken's systems that could potentially result in hundreds of millions of dollars in losses.

CertiK also alleges that Kraken security "threatened" individual CertiK employees, demanding payment of an "inappropriate" amount within an "unreasonable time frame" without providing a repayment address. 

However, Kraken said that they requested a full report on the activities of the (then unknown company) and a return of the withdrawn funds. The exchange claims that CertiK's refusal to comply with these requests violates ethical hacking rules and borders on extortion.

 

Amid this situation, the crypto community on X (Twitter) has asked several questions about CertiK's actions.

— Many analysts began to wonder why CertiK decided to withdraw so much money if the bug could be proven in smaller amounts.

— Users also noticed that in their tests, CertiK for some reason transferred all funds to Tornado Cash.

— Many analysts found contradictions in CertiK reports.

— Similar anomalies began to be noticed on other exchanges.

Ultimately, most users began to doubt the adequacy of CertiK analysts and suspect its employees of malicious actions against various projects.

 

 

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