Kraken's $3 Million Heist: The Return of the Stolen Funds

In a shocking turn of events, the $3 million stolen from Kraken's wallets has been recovered, according to the company's CTO, Nick Percoco. The hack, which occurred on June 5, was carried out by the crypto security firm Certik, who exploited a security vulnerability in Kraken's system.

Kraken claims that no customer assets were affected by the hack, and the stolen funds were taken from the company's own wallets. The hackers, who were identified as Certik, reportedly informed Kraken about the security vulnerability before carrying out the attack.

The incident has sparked criticism from the crypto community, with many questioning Certik's motives and methods. The fact that a portion of the stolen funds was sent through the OFAC-sanctioned mixing service Tornado Cash has raised eyebrows.

Certik has defended its actions, stating that the real question should be why Kraken's security systems failed to detect the test transactions. "Certik tested Kraken and it failed miserably," the company wrote.

Kraken, however, is taking a different stance, labeling the incident as a criminal case and coordinating with law enforcement agencies to take legal action. "We are treating this as a criminal case and are working with the authorities to take appropriate action," Percoco wrote on the platform X.

The incident highlights the importance of robust security measures in the crypto space, and the need for companies to prioritize the protection of their customers' assets. As the investigation continues, it remains to be seen what consequences Certik and Kraken will face for their roles in the hack.

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