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Kraken Won‘t Negotiate After Extortion Attempt with Client Data

Cointelegraph
Kraken has refused to negotiate with a criminal group demanding payment after an extortion attempt involving unauthorized access to 2,000 user accounts.

Summary

Kraken's Chief Security Officer, Nick Percoco, announced that the cryptocurrency exchange will not pay criminals who attempted to extort the company. The attackers threatened to leak internal videos showing client data, but Percoco confirmed that Kraken's core systems remained unbreached and user funds were never at risk. The incident involved unauthorized access to approximately 2,000 user accounts. Kraken is currently working with federal law enforcement to investigate the group and pursue potential arrests.

(Source:Cointelegraph)