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Crypto-exchange Kraken extorted by hackers after insider breach

The Kraken cryptocurrency exchange announced that a cybercrime group is trying to extort the company by threatening to release videos showing internal systems that host client data.

The company’s Chief Security Officer, Nick Percoco, stated that the incident did not put client funds at risk and involved an insider threat, with two instances of improper access to limited customer data by support employees.

Kraken says that it will not pay or negotiate with the threat actor.

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