Kraken Teams Up with KitBoga to Combat Crypto Scammers, CertiK Returns Funds Amid Dispute
Kraken has collaborated with YouTuber KitBoga for over a year to fight crypto fraud through innovative engagements with scammers. KitBoga uses a fake Bitcoin exchange to deceive scammers into revealing their operations, assisting Kraken in identifying and freezing fraudulent funds. Recently, they targeted a grandparent scam, gathering vital information to aid law enforcement. Kraken’s Chief Security Officer, Nick Percoco, has been involved in these efforts. Meanwhile, blockchain security firm CertiK returned funds to Kraken after discovering and reporting a critical security vulnerability, although a dispute arose over alleged extortion claims.
Neutral
While Kraken’s and KitBoga’s efforts in identifying and freezing fraudulent funds are positive steps for fraud prevention, the news also includes a dispute involving CertiK and claims of extortion, which introduces uncertainty and potential risk. Overall, this combination of proactive measures and unresolved disputes results in a neutral market impact.