TechFlow reports, Kraken's Chief Strategy Officer Nick Percoco said the exchange is treating its recent loss of nearly $3 million as a "criminal case" and is coordinating with law enforcement to recover the funds.
Percoco stated that the unnamed researchers stole millions of dollars worth of cryptocurrency from Kraken by withdrawing funds from their accounts before deposits were finalized. He noted that the attackers were effectively able to mint assets.
Earlier, blockchain security firm CertiK announced on social media that it had discovered a series of critical vulnerabilities at the Kraken exchange, which could have potentially led to hundreds of millions of dollars in losses.
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