Will Canny

  Here is the rewritten blog in English with a similar meaning: Kraken's Chief Security Officer, Nick Percoco, shared details of the incident on X (formerly Twitter), explaining that they received a warning from their Bug Bounty program regarding a flaw "allowing users to alter their balance to a higher amount than actual on our platform." However, no further specific details were disclosed. The company reported that the security issue was identified within minutes of the alert. Essentially, it allowed attackers to "initiate a deposit on our platform and credit funds to their account without completing the deposit process." Although Kraken assured that no customer assets were at risk, the issue could have enabled malicious actors to generate assets in their accounts, potentially causing damage to the system. The problem was fixed within 47 minutes. The company also mentioned that this flaw stemmed from a recent change in the user interface, which allowed custome...

  A recent survey by Kraken revealed promising news for the cryptocurrency market: 73% of U.S. cryptocurrency holders plan to reinvest by 2025. This indicates strong confidence in the market's future, despite recent fluctuations. The study, conducted with 2,537 Americans, shows that many crypto holders intend to continue investing in 2025, dispelling concerns about the market's decline. This suggests the market’s growth potential and enduring appeal. More Americans are recognizing the real value of cryptocurrencies. According to the survey, 43% believe cryptocurrencies offer more economic security than traditional banking, while 52% view them as a promising long-term investment. Additionally, 55% of Americans—whether or not they currently hold crypto—acknowledge its practical value, though 29% remain uncertain about its future. Despite a more positive outlook for crypto, misconceptions about blockchain technology remain. The survey also revealed that 60% of participants associa...

  Ink, the Layer-2 blockchain solution by Kraken based on Optimism, has officially gone live on the mainnet today. This launch comes significantly earlier than expected, thanks to strong support and enthusiasm from the cryptocurrency community. Both Ink and Optimism are looking forward to a fruitful partnership driven by this wave of excitement. Kraken launched its Ink Layer-2 network on the Optimism Superchain ahead of schedule to meet the growing demand from developers and the community. Initially set for release in 2025, Ink is now operational and will move towards its decentralized phase 1 in January 2024 with permissionless error proofing. Despite recent challenges, such as an $8 million fine in Australia and the shutdown of the NFT marketplace, Ink has already attracted over 100,000 users, with active engagement on its testnet. Ink focuses on decentralization and interoperability. Meanwhile, Optimism has also faced its own set of hurdles before launching its mainnet. In Octob...