Post
Topic
Board Exchanges
Re: Kraken Account, Robbed/Emptied. Kraken say "Fuck you, its your loss"
by
MatTheCat
on 21/07/2016, 16:30:34 UTC
My Kraken account got emptied 36 hours ago. Lost about 12k Euro of BTC.
I am now in discussion with them on this, similar status.
Who and how did they compromize my account? I do not know.
I did not have the sms verification setup - my mistake.
But, the IP that withdrew funds is on the other side of the world (Somewhere in canada/us?) And definitely i was not warned of the transaction prior to it. Only got an email after the funds were sent...

So within the same timeframe as I was robbed, which suggests to me that Kraken has been compromised...and most likely, from within.

Sure, they can say that they have given us the tools to make our accounts more secure, and point out that we haven't made use of them, but what I would say to that is that customer security is primarily their business, and their responsibilty before it is Joe Public's. Even if all they done was straightforward email confirmation before sending any funds, like what practically every other exchange does, then neither your funds, nor my funds would have been stolen.

It seems to me that Kraken's default settings are designed to faciliate theft, only for them to be in the position to turn around and say 'but you never used advanced security options so fuck you".

Like everything else in crpyto land....dodgy as fuck, and I have zero faith that it isn't Kraken staff themselves who are executing these thefts on 'n00bs' who have not made use of more advanced security features.