In brief
- Kraken is being extorted for an undisclosed sum by criminals that have access to customer data.
- The firm’s security executive said it will not negotiate or pay the criminals.
- The exchange is working with law enforcement, and believes it has sufficient evidence to identify and arrest those responsible.
A criminal group is threatening to release stolen customer data from crypto exchange Kraken, the firm reported Monday, publicly disclosing the conflict via social media.
“We will not pay these criminals; we will not ever negotiate with bad actors,” Kraken Chief Security Officer Nick Percoco posted on X.
“We are currently being extorted by a criminal group threatening to release videos of our internal systems with client…
