Crypto exchange Kraken targeted in extortion attempt but says there was no breach and no client funds at risk

What Happened

Crypto exchange Kraken disclosed an extortion attempt by criminals threatening to release videos of internal system access. The company identified two separate incidents involving support team members with limited client data access in February and recently. Kraken said systems were never breached and client funds remained safe. Approximately 2,000 accounts were potentially viewed, affecting 0.02% of its client base. The company refused extortion demands and is cooperating with law enforcement.

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