CertiK 'White Hats' Face Allegations of Exploiting Kraken's Reserves, Laundering Funds Through Tornado Cash

Jun 19, 2024, 06:33 PM

CertiK, a blockchain security firm, is facing serious allegations after reportedly exploiting Kraken's reserves. The incident began with CertiK allegedly stealing funds from Kraken and failing to report the security flaw for three days. Subsequently, CertiK researchers repeated the exploit, bragged about it to other researchers, and laundered the funds through Tornado Cash. The company, which refers to itself as 'white hats,' then admitted to the exploit and blamed Kraken for inadequate security measures. This has led to calls for CertiK to be added to block-lists.