CertiK recently identified a series of critical vulnerabilities in @krakenfx exchange which could potentially lead to hundreds of millions of dollars in losses.
— CertiK (@CertiK) June 19, 2024
Starting from a finding in @krakenfx's deposit system where it may fail to differentiate between different internal… pic.twitter.com/JZkMXj2ZCD
CertiK to Kraken: we can steal $300m from you by fabricating deposits, and have already stolen around a million to prove we can. This is how you fix it. Kraken to CertiK: YOU HAVE TO GIVE IT ALL BACK. Should CertiK keep the tip?
https://x.com/certik/status/1803450205389402215
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I get that step one is "generate a bunch of fake crypto", but step two is "trade that in for real crypto". Who did they get the real crypto from?
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Idiots willing to trade other coins for whatever kraken is
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kraken is a centralized database, so they just trick their internal controls to get out other ppl's coins.
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