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Sunday, June 30, 2024
Crypto security firm CertiK has been stirring up a hornet's nest lately.
CertiK faced backlash when it exploited a vulnerability on Kraken, siphoning $3 million from the platform in the name of "research."
The firm returned the funds after receiving criticism but the damage was already done.
Since the initial Rekt News story, security researcher Tayvano has uncovered a web of suspicious activities surrounding the incident.
The dust hasn’t even settled around the controversy surrounding the recent Kraken exploit and already new allegations are swirling.
From accusations of front-running bug bounties to performing superficial audits, CertiK's reputation is being put under the microscope by security researchers.
With each new accusation, the industry is forced to confront an uncomfortable truth.
What happens when the very entities entrusted with safeguarding the ecosystem are seen as a threat?
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We are all rekt.