Certik Accused of Exploiting Kraken Vulnerability, Extorting $3 Million via Tornado Cash

Jun 19, 2024, 06:33 PM

Certik, a blockchain security firm, has come under fire for allegedly exploiting a vulnerability in Kraken's system. Reports indicate that Certik discovered a flaw that allowed them to be credited with cryptocurrency they did not deposit, which they used to drain funds from Kraken. Certik reportedly waited five days before disclosing the vulnerability and has been accused of extorting Kraken for over a week. The amount involved in the exploit is said to be $3 million. Additionally, Certik has been accused of laundering the stolen funds through Tornado Cash. This incident has raised serious concerns about Certik's practices and has led to calls for the company to be blacklisted.