The crypto world is abuzz with controversy as CertiK, a blockchain security firm, has been accused of stealing $3 million worth of digital assets from the Kraken crypto exchange. CertiK claims they identified a critical vulnerability in Kraken’s system and informed the exchange before withdrawing the funds. However, Kraken’s Chief Security Officer alleges that CertiK refused to return the funds until a specific amount was provided.
In response, CertiK has stated that after helping fix the vulnerability, Kraken’s security team threatened their employees to repay a different amount of crypto in an unreasonable time frame. CertiK has made this information public to ensure transparency and protect users’ security, announcing plans to transfer the funds to an account accessible by Kraken.
The incident has divided the crypto community, with some criticizing CertiK’s actions and others supporting their efforts to improve security. It remains to be seen if legal action will be taken by Kraken. Both parties maintain they acted in the best interest of the crypto community.
In related news, CertiK recently assisted in identifying the reasons behind a $3.7 million theft from UwU Lend. Stay tuned for updates on this developing story.
