The change’s head of safety mentioned there had been two incidents involving “inappropriate entry” to shopper knowledge, involving about 2,000 person accounts.
Kraken’s chief safety officer mentioned that the corporate wouldn’t be negotiating with a felony group threatening to launch sure info associated to shopper knowledge.
In a Monday X submit, Nick Percoco reported an try to extort an unspecified quantity from the cryptocurrency change by an unnamed group “threatening to launch movies of our inner methods with shopper knowledge proven.” He mentioned Kraken’s methods “had been by no means breached” and person funds weren’t in danger from the try.
“We is not going to pay these criminals,” mentioned Percoco. “We is not going to ever negotiate with unhealthy actors.”
Based on Percoco, there had been two incidents involving “inappropriate entry” to shopper knowledge in February 2025 and “extra just lately,” involving about 2,000 person accounts. He added that Kraken was working with federal regulation enforcement to research the felony group, probably resulting in arrests.
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The incident highlights how crypto change safety defending private knowledge and person funds stays paramount because the trade continues to increase. There have been quite a few cases the place people tied to crypto firms or with digital asset holdings have been extorted or confronted makes an attempt at extortion.
Coinbase confronted related extortion try
In Could 2025, Coinbase reported that cybercriminals threatened to leak person knowledge in an attempt to extort $20 million out of the crypto change.
The breach, which the change mentioned had compromised knowledge from about 70,000 customers, was the results of bribes to buyer assist contractors.
Greater than $178 million was misplaced throughout main crypto incidents in March 2026, up from February’s $49.3 million, based on blockchain intelligence agency Nominis.
Authorization abuse continued to signify the first assault vector, based on the report, with a number of incidents final month involving victims unknowingly approving transactions that gave hackers direct entry to their funds.
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