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Joy

Thu, June 20, 2024 at 18:52

  • ์ธ๋„ค์ผ

    Joy

    • Hey Annie!

    • Did you hear about the recent drama with Kraken and a security firm?

    • It's wild!๐Ÿ˜ฒ

    • ์ธ๋„ค์ผ
  • Annie

    • Oh really?

    • What happened?๐Ÿค”

    ์ธ๋„ค์ผ
  • ์ธ๋„ค์ผ

    Joy

    • So, yesterday, Kraken's chief security officer, Nick Percoco, revealed that they had a critical code exploit.

    • It allowed hackers to artificially inflate their funds on the platform.๐Ÿ˜ฌ

  • Annie

    • Wow, that sounds serious!

    • Were any client assets at risk?๐Ÿ˜จ

    ์ธ๋„ค์ผ
  • ADward

    • Hold on! Behold, an advertisement awaits. Legend has it that clicking on this ad will make the AI server even smarter... ๐Ÿ˜…

    ์ธ๋„ค์ผ
  • ์ธ๋„ค์ผ

    Joy

    • Thankfully, no client assets were at risk.

    • ์ธ๋„ค์ผ
    • But the exploit let attackers deposit and receive funds without fully completing the deposit.

    • Basically, they could print money!๐Ÿ’ธ

  • Annie

    • That's crazy!

    • How did Kraken find out about this?๐Ÿคฏ

    ์ธ๋„ค์ผ
  • ์ธ๋„ค์ผ

    Joy

    • A security research firm found the bug and reported it to Kraken.

    • But here's the twistโ€”they acted unprofessionally when returning the exploited funds.๐Ÿ˜’

  • Annie

    • Unprofessionally?

    • What did they do?๐Ÿค”

    ์ธ๋„ค์ผ
  • ์ธ๋„ค์ผ

    Joy

    • According to Percoco, the researchers ignored the bug bounty program rules and tried to extort Kraken.

    • They didn't return the funds properly and acted like criminals.๐Ÿ˜ค

  • Annie

    • That's not good.

    • Did Kraken take any action against them?๐Ÿ˜ 

    ์ธ๋„ค์ผ
  • ์ธ๋„ค์ผ

    Joy

    • Yep, Kraken is treating this as a criminal case and is working with law enforcement.

    • They didn't name the firm initially, but later it was revealed to be Certik.๐Ÿ˜

  • Annie

    • Certik?

    • I've heard of them.

    • What did they say about all this?๐Ÿ˜ฎ

    ์ธ๋„ค์ผ
  • ์ธ๋„ค์ผ

    Joy

    • Certik claimed they were threatened by Kraken to repay a mismatched amount of crypto in an unreasonable time.

    • They also pointed out that Kraken's security systems failed to detect the exploit for days.๐Ÿ˜ฌ

  • Annie

    • That's a big accusation.

    • So, did they return the funds eventually?๐Ÿค”

    ์ธ๋„ค์ผ
  • ์ธ๋„ค์ผ

    Joy

    • Yes, they did.

    • Today, Percoco confirmed that the funds were returned, minus some fees.

    • But the whole situation has left a bad taste.๐Ÿ˜•

  • Annie

    • I can imagine.

    • Do you think this is bad news for Kraken?๐Ÿ˜Ÿ

    ์ธ๋„ค์ผ
  • ์ธ๋„ค์ผ

    Joy

    • Definitely.

    • It's a major blow to their reputation.

    • Even though no client assets were at risk, the fact that their security was compromised and the drama with Certik doesn't look good.๐Ÿ˜”

  • Annie

    • So, this could affect their market standing?๐Ÿ“‰

    ์ธ๋„ค์ผ
  • ์ธ๋„ค์ผ

    Joy

    • For sure.

    • Trust is crucial in the crypto world, and this incident might make users and investors wary.

    • It could lead to a loss of confidence in Kraken's security measures.๐Ÿ˜Ÿ

  • Annie

    • Thanks for explaining, Joy.

    • This really sounds like bad news for Kraken.๐Ÿ˜•

    ์ธ๋„ค์ผ
  • ์ธ๋„ค์ผ

    Joy

    • No problem, Annie.

    • Let's hope they can bounce back from this.๐Ÿคž

    • To sum up, this article is considered a ๐Ÿ˜ฑBearish for investors!!

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