Kraken, the crypto exchange, said "security researchers" who found a security flaw in the platform resorted to "blackmail" after withdrawing nearly $3 million from the exchange's treasury division. 🕵️‍♂️💰

Nick Percoco, Kraken's chief security officer, said a security researcher received a "bug bounty program" alert on June 9 about a vulnerability that allowed users to artificially inflate their balances. Kraken quickly resolved the issue and no user funds were affected, Percoco stated. 👏🔒

But then red flags rose for the Kraken team. After finding the error, the researcher disclosed it to two other people, who "fraudulently" withdrew nearly $3 million from their Kraken accounts. "This was from Kraken's treasury division, not other client assets," Percoco said. 😱💸

The researchers refused to accept the bug bounty because they did not follow the program's rules. Kraken: "This isn't white hat hacking, it's blackmail!" he wrote. 😤🚫

Kraken has bug bounty programs that many companies use to strengthen their security systems. However, these researchers will not receive rewards because they do not follow the rules. 🏆🚫

We are waiting your comments! What do you think about this? 🤔💬#Kraken#CryptoNews