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After a bug made it possible for users to print money, Kraken lost almost $3 million

Technologically astute researchers have alerted Kraken to a serious security flaw, but they're still haggling before they'll give back any money.

admin by admin
June 19, 2024
in Research
0
After a bug made it possible for users to print money, Kraken lost almost $3 million
  • Kraken said on Thursday that it has fixed an issue that was enabling users of the site to summon free money into their accounts for months at a time.
  • Chief Security Officer Nick Peroco stated in a tweet that early this month, his team found an “isolated bug” that allowed users to “artificially inflate their balance.” It wasn’t until June 9 that the team learned about it via a security researcher’s bug bounty program notice, in which they claimed to have detected a “very critical bug” in their system.
  • “The feature in question became available on the platform in January,” Kraken’s communications head, Alexander Cassells, said to Decrypt via email.
  • Percoco claims that customers can begin deposits to Kraken and get credit to their accounts before the transaction is finalized.
Source: decrypt
Tags: cryptocryptocurrencycryptonews

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