Kraken\u2019s Chief Security Officer confirmed the funds have been returned minus a small amount \u201clost to fees.\u201d<\/p>\n
After Certik came forward as the cybersecurity firm that found a critical bug in cryptocurrency exchange Kraken, and proceeded to drain and keep $3 million hostage,<\/a> the security firm has now returned the funds.<\/p>\n \u201cUpdate: We can now confirm the funds have been returned (minus a small amount lost to fees),\u201d wrote<\/a> Kraken\u2019s Chief Security Officer Nick Percoco.<\/p>\n Certik wrote late Wednesday night a Q&A post<\/a> on X outlining their most recent actions against Kraken. The firm said they did not steal any funds, but rather \u201ccryptos were minted out of thin air;\u201d and emphasized that the funds requested by Kraken were more than what was withheld by Certik.<\/p>\n According to the company, they returned 734 ETH<\/a> ($2.5 million), $29,000 USDT, and 1021 XMR<\/a> ($174,000). Meanwhile, Certik said Kraken was requesting 155,818 MATIC ($91,000), $907,000 USDT, 475 ETH ($1.66 million), and 1,089 XMR ($184,000).<\/p>\n The transfer of funds is the latest move in a controversy that started Wednesday, where the two firms publicly quarreled on X. The crypto exchange alleged that the cybersecurity firm drained and withheld $3 million from their platform after discovering a critical vulnerability on June 9. Certik countered with its own allegations, claiming the exchange was threatening company employees.<\/p>\n According to Kraken\u2019s Chief Security Officer Nick Percoco, a bug bounty report filed on June 9, showed how malicious actors could initiate a deposit onto Kraken\u2019s platform and receive funds in their account without fully completing the deposit \u2013 enabling an attacker to \u201ceffectively print\u201d assets on the exchange. <\/p>\n Certik confirmed it was behind the bug bounty report, and the subsequent dozens of \u201ctest\u201d transactions in the exchange.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Kraken\u2019s Chief Security Officer confirmed the funds have been returned minus a small amount \u201clost to fees.\u201d After Certik came forward as the cybersecurity firm that found a critical bug in cryptocurrency exchange Kraken, and proceeded to drain and keep $3 million hostage, the security firm has now returned the funds. \u201cUpdate: We can now […]<\/p>\n","protected":false},"author":2,"featured_media":327569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-327563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/327563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=327563"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/327563\/revisions"}],"predecessor-version":[{"id":327573,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/327563\/revisions\/327573"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/327569"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=327563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=327563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=327563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}