Everything web3, crypto, defi, degen
Kraken Security Labs, our expert team of security researchers, identified vulnerabilities within the Safepal S1 hardware wallet. While we were not able to steal cryptocurrency from the wallet, we demonstrate certain weaknesses that may make future compromise possible. At Kraken, we try to discover attacks before they happen. Upon discovery, we disclosed the full details…
The rise of Decentralized Finance (DeFi) has not only brought a newfound wave of innovation to the broader crypto ecosystem, but also the opportunity for savvy investors to generate staggering returns. Like all markets, especially those in a state of adolescence, DeFi’s reward isn’t without its risks. After all, depositing assets in internet protocols is…
On January 29, there was unprecedented demand for Kraken services that far exceeded our surge prediction modeling. For context, $56 billion was traded on our platform in January of this year – more than all the volume transacted for the full year of 2019. This past weekend alone, we saw a 1,000%+ increase in signups. …
We are excited to announce that we will be making Kraken’s spot prices available to Decentralized Finance applications and developers on Ethereum and other leading blockchains by running our own Chainlink node. As one of the world’s largest and most liquid cryptocurrency exchanges, we feel it is critical to make our cryptocurrency data accessible directly…
Kraken is excited to announce that clients can stake their Ethereum (ETH) on Kraken to receive rewards of approximately 5% to 17%. The network reward is variable and 17% is currently the highest possible yearly yield. ETH staking launches Friday December 4 at approximately 13:30 UTC. Staking is enabled on the Ethereum network as part…
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…
October 16, 2020 | Security Kraken has identified an active scam targeting the cryptocurrency community in which malicious actors are using fake identities to pose as members of our token listing team. Cryptocurrency teams that use LinkedIn and Telegram should be on high alert, as these efforts appear to be targeting users of these social…
September 29, 2020 | News What is the value of Bitcoin? It’s a question that’s been asked since the innovative asset first appeared on message boards, and it’s only persisted as its value and usage has grown. But while one definitive answer to this question remains elusive, that doesn’t mean it’s not worth exploring. In…
As Kraken’s Chief Security Officer, I’ve spent the past two years building one of the most advanced security programs in the cryptocurrency industry. While most of my work involves hardening our security behind the scenes, I also work with our Product and Engineering team on a roadmap for client-facing features. One of our goals is…
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…
