Kraken Reveals Extortion Demands After Client Data Incident: ‘We Will Not Pay...
Kraken, the US’s second-largest crypto exchange, has rejected extortion threats from a criminal group after two incidents of unauthorized access to limited client support data in the past year, reigniting investors’ concerns about insider threats. Related Reading: Trump’s Crypto Venture Secretly Built A Way To Freeze Your Funds, Investor Claims Kraken Fights Back Extortion Demands […]
Related News
The group extorting Kraken is claiming access to some client account information after two insider incidents involving customer support staff. Kraken’s Extortion Plot: An Insider-Play Yesterday, on a post on the social network X, Nick Percoco, Kraken’s Chief Security Officer (CSO), made public that a criminal group is extorting the crypto exchange with threats to release videos of their systems exposing client data. Kraken Security Update We are currently being extorted by a criminal group threatening to release videos of our internal systems with client data shown if we do not comply....
Threat actors have been finding opportunities in bitcoin’s bullish trend to increase their extortion campaigns. Hackers are actively threatening companies with DDoS attacks unless they pay for bitcoin ransoms. Bull Run Prices Push Extortionists to Increase Bitcoin Ransom Demands According to an alert issued by security firm Radware, there have been several reports between December 2020 and the first week of January 2021 about DDoS extortionists. The firm claims the campaign is part of a global one that started in August last year. However, in the wake of the crypto bull-run seen over....
A Brisbane-based business was recently hacked and perpetrators are demanding bitcoin payments to return sensitive company information. Other companies in Queensland are being reminded to be wary of potential malware and to enhance their security on their websites. The business has already given in to the hackers' demands but they attacked again, this time aiming their efforts on a senior company official. Police say that threats to the family were made online. Bitcoin Payments Extortion. "This is a very serious attack on an organisation and quite traumatic for the business, the victim and....
As a third-party vendor for BlockFi, Hubspot stored user data such as names, email addresses and phone numbers, which has been historically used for conducting phishing attacks. New Jersey-based crypto financial institution BlockFi confirmed a data breach incident via one of its third-party vendors, Hubspot. BlockFi’s proactive warning about the breach aims to deter the intentions of bad actors in repurposing the user data for fraudulent activities.According to the announcement, the hackers gained access to BlockFi’s client data on Friday, Mar. 18, that were stored on Hubspot, a client....
Global bitcoin exchange Kraken has secured a multi-million dollar agreement with SBI Investment, the venture capital arm of SBI holdings, the world’s first internet-based financial conglomerate. The deal comes less than two weeks after Kraken’s acquisition of Coinsetter and Cavirtex, two of the most prominent exchanges in the U.S. and Canada. With a strong strategic partner like SBI investment, Kraken hopes to reach yet another milestone in 2016. Over the next few months, the bitcoin firm will focus on scaling its business worldwide, establishing necessary infrastructure and resources to....