Kraken says no systems breached and client funds safe after extortion attempt

Kraken disclosed it was targeted in an extortion attempt but stated there was no security breach and no client funds were at risk. This marks at least the third time in recent years Kraken has faced adversarial pressure — following the 2024 CertiK bug bounty dispute that saw $3M temporarily extracted from treasury, and the 2025 social engineering campaign that also hit Coinbase and Binance. Unlike those prior incidents, Kraken says this attempt involved no actual exploitation of its systems.

TLDR by @Benthic

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