Crypto exchange Kraken targeted in extortion attempt but says there was no breach and no client funds at risk
Burns Brief
The firm said a criminal group is attempting to extort it over limited insider-related data access incidents affecting about 2,000 accounts Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.
The firm said a criminal group is attempting to extort it over limited insider-related data access incidents affecting about 2,000 accounts. Kraken says it will not pay and is working with law enforcement.
Key Takeaways
- The firm said a criminal group is attempting to extort it over limited insider-related data access incidents affecting about 2,000 accounts
- Kraken says it will not pay and is working with law enforcement