Kraken User Loses $18.2 Million in Suspected Social Engineering Heist

A recent cryptocurrency heist has raised concerns about the security of users' funds on popular exchanges and wallets. A suspected social engineering scam has allegedly drained an unknown Kraken user of $18.2 million, with funds already moving across chains.

The thief began by bridging Ethereum to Bitcoin through THORChain using a SafePal wallet. On-chain data suggests this may be just one tranche of the stolen assets, as attackers in prior cases frequently split stolen assets across multiple transactions and chains simultaneously.