Additional safeguards such as hardware wallets, two-factor authentication, and withdrawal whitelists can help reduce exposure, particularly for large holdings.
FAQ What happened in the Kraken $18.2M crypto theft?A user lost funds after a suspected social engineering attack that allowed an attacker to access and move assets. How were the stolen funds moved?The attacker bridged assets from Ethereum to Bitcoin using Thorchain and routed them through multiple wallets. How can crypto users avoid similar scams?Users should never share private keys, verify all communications, and enable security features like 2FA and hardware wallets.Kraken User Loses $18.2M in Crypto Social Engineering Attack as Funds Move via Thorchain: ZachXBT
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