Judge in SEC v. Kraken case suggests he will deny motion to dismiss
In their motion to dismiss, Kraken’s lawyers disputed the legal theory that the exchange was an “ecosystem” for crypto asset securities. Go to Source
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Kraken recovers $3 million from CertiK, ending bug bounty saga
Certik has returned the funds to Kraken exchange, putting a happy end to the bug bounty-related saga. Go to Source
Kraken-CertiK saga turns murky as part of exploited funds go ‘missing’
Kraken is planning to take legal action against security firm CertiK as the “white hat” operation by security firm turns into a legal blunder. Go to Source
Kraken Calls Security Research Firm’s Demands ‘Criminal’; Certik Slams Threats Against Its Employees
Kraken has accused an unnamed security research firm of stealing $3 million from its treasury and attempting to extort more money. Nick Percoco said so-called white hat hackers failed to fully disclose the bug transaction details and have not made arrangements to return the stolen funds. White Hat Hackers Refuse to Abide by Rules The … Read more
German Law Enforcement Transfers $425M in Bitcoin From Seized Funds
Onchain data reveals that an entity likely tied to Germany’s Federal Criminal Police Office (BKA) transferred 6,500 bitcoin, valued at approximately $425 million, on June 19. Arkham Intelligence identified the address on Jan. 31 through its onchain monitoring systems. German Authorities Transfer Seized Bitcoin About four months ago, Arkham Intelligence announced on the social media … Read more
CertiK identified Kraken exploit, claims exchange ‘threatened’ its team
The security firm said it was transferring the digital assets obtained in the exploit of Kraken back to the exchange, but many crypto users questioned its motives. Go to Source
Kraken says its being extorted following bug bounty report
The bug resulted in at least $3 million worth of stolen funds, but no user funds were endangered, according to Kraken. Go to Source
Report: Kraken Considers IPO Amid Renewed Investor Interest
Kraken, one of the oldest cryptocurrency exchanges, is considering a final funding round ahead of a possible initial public offering (IPO) as soon as next year, according to Bloomberg. This move follows renewed interest from investors during the current digital-asset market rally and a perceived easing of U.S. regulatory scrutiny. Kraken Eyes IPO Bloomberg sources … Read more
Security-Focused Crypto ISAC Debuts With Founding Members Including Coinbase, Kraken, Circle
The Crypto ISAC (Information Sharing and Analysis Center) launches on Wednesday as a 501(c)(6) not-for-profit association dedicated to bolstering security within the cryptocurrency ecosystem. Its founding members include Aleo, Circle, Coinbase, Consensys, Evertas, Fireblocks, Hedera, Kraken, Offchain Labs, Red Balloon Security, Ribbit Capital, Solana Foundation, and Trail of Bits. Its mission is to foster collaboration … Read more
Crypto Biz: Kraken denies USDT delisting, crypto custody on the rise, and more
This week’s Crypto Biz explores Kraken’s stablecoin plans in Europe, the departure of Grayscale’s CEO, Prometheum’s Ether custody service that treats ETH as a security, and more. Go to Source