Kraken
exchangeOperational
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Platform Safety Score
75/100— Good
Based on incident history, security features, and track record
Two-Factor Authentication
Supported
Insurance Coverage
Covered
Supported Chains
BitcoinEthereumSolanaCardanoPolkadotPolygon
Platform Type
exchange
About Kraken
US-based cryptocurrency exchange founded in 2011. Known for strong security practices and proof-of-reserves audits.
Incident History
CertiK Security Researcher Exploit
June 19, 2024
A security researcher from CertiK exploited a critical bug to extract approximately $3 million from Kraken's treasury. The funds were later returned after public dispute.
Flash Crash Trading Incident
May 12, 2022
A flash crash on Kraken's LUNA/EUR pair saw prices drop 99% momentarily, triggering forced liquidations for leveraged traders.
ResolvedThe Block
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