link.png

ID:

kraken-611

Date:

Status:

Incident Count:

June 2, 2019

Verified

2

info.png
target.png
REKT

Contributor:

chain.png

zerofriction.io

KYC By:

KYC:

None

info.png

Audit By:

Audits:

None

Loss Amount:

9,700,000

info.png

Recovered:

-

Rewards:

Currency:

USD, BTC

info.png

Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Exchange

Assets

Flash Loans

Extended Method:

Flash crash, suspected theft

info.png

Days in Operation:

0

chain.png
chain.png
chain.png
chain.png
datasource.png

On June 2, Bitcoin flash-crashed on a major Bitcoin trading platform Kraken. The near vertical drop from $11,200 CAD to $100 CAD within moments initially appeared to have resulted from a technical glitch or a fat-fingered trading error by a whale. In this case, the available evidence suggests a hacker compromised a whale’s account, stole 1200 BTC worth $10.45 million on that date, and then dumped this huge amount of BTC into a highly illiquid BTC/CAD market. Only 1155 BTC was filled at $100 each.

info.png

DISCLAIMER: While web3rekt has used the best efforts in aggregating and maintaining this database, this web site makes no representations or warranties with respect to the accuracy or completeness of its information and data herein, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall web3rekt be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the data and information derived from this database.