Everything web3, crypto, defi, degen
As the world of digital finance continues to evolve, it’s essential to stay informed about the risks associated with fraudulent activities. During Scam Awareness Week, we aim to educate users on how to protect themselves from scams and highlight the industry’s efforts to create a safer ecosystem. Recognizing the risks: Common scam types Several scam…
Financial fraud has been a part of transactional business since the dawn of transactional business. If you were unfortunate enough to have been on the other side of an insurance deal with Hegestratos, he would have had you insure the corn cargo on his ship – then removed the corn, sold the corn, sank the…
By Nick Percoco, Kraken Chief Security Officer Cybersecurity cannot be an afterthought for a crypto platform. At Kraken, we consider securing our clients’ personal information and cryptoassets to be our highest priority, so we place security above everything. Following October’s Cybersecurity Awareness Month, we’d like to tell you more about our ongoing approach to safeguarding…
Proof is paramount to cybersecurity. At Kraken, proof of security essentially means “don’t trust but verify.” This mindset guarantees that the work associated with growing and improving on our exchange can continue unhindered while protecting you 24/7. Kraken invests heavily in our cybersecurity program to safeguard your funds, NFTs, and privacy. Don’t just trust us.…
If you’ve ever tried to explain cryptocurrency to your relatives, you might have found it can be as difficult as trying to teach rocket science to a toddler. Most folks react with skepticism, ridicule or scorn when you try to explain the utility of decentralized digital currencies that have limited supplies and aren’t controlled by…
Over the last decade, countless critics have pointed the finger at Bitcoin as being nothing more than an intelligently-orchestrated Ponzi scheme. Detractors like Brazilian computer scientist Jorge Stolfi argue that the leading decentralized cryptocurrency bears all the hallmarks of a scam named after Italian swindler Charles Ponzi. The question whether or not cryptocurrency in general…
Kraken, like any popular service, has clients that are targeted by scammers who try to send phishing emails from @kraken.com email addresses. You should never see this form of spoofed email because it should be rejected by mail providers like Gmail because their servers will notice that the scammer’s mail is not coming from Kraken.…
Ledger clients whose data was stolen in a breach were targeted in a phishing scam this past week. Below, our expert team at Kraken Security Labs has put together an analysis of the ongoing attack against Ledger clients. This instructive case study could prove useful to all crypto holders. Since phishing continues to be one…
As Kraken’s Chief Security Officer, Nick Percoco knows firsthand how to protect clients at one of the world’s largest cryptocurrency companies from cutting-edge cyber attacks. However, in the wake of the COVID-19 pandemic, it’s more important than ever that traders and investors take matters into their own hands, staying abreast of evolving tactics used by…
Now the second largest cryptocurrency by total value, Ethereum’s existence has been anything but boring. In its five-year history, it has seen the highest of highs during its 2017 bull market as well as lows in 2018 and 2019 that threatened its momentum and adoption. But while much has been written about Ethereum, until now,…
