Videos circulating on dark web forums have pulled cryptoexchange Kraken into an extortion attempt, but the company says no systems werecompromised and client funds remain secure. The firm claims a criminal group isthreatening to release internal footage to pressure the exchange into paying aransom.Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)Insider Access Behind Data ExposureKraken discovered that two incidents involving insideraccess to limited support data led to about 2,000 accounts being exposed,representing just 0.02% of its client base. Investigations revealed that bothcases were tied to individuals within its support team, whose credentials wereimmediately revoked once the activity came to light.The first incident dates back to February 2025, when a videoshowing internal systems appeared on a criminal forum. Kraken traced the clipto an insider, tightened access controls, and informed affected users. Asimilar event surfaced recently, prompting the same swift response from thecompany.“Our systems were never breached; funds were never at risk;we will not pay these criminals,” said Nick Percoco, Chief Security andInformation Officer at Kraken, on X.Kraken Security UpdateWe are currently being extorted by a criminal group threatening to release videos of our internal systems with client data shown if we do not comply with their demands. It’s important to start with the most important points: our systems were never…— Nick Percoco (@c7five) April 13, 2026Law Enforcement Probes and Industry RisksKraken said it is now working closely with law enforcementand industry partners to investigate the extortion attempt, which it believesis linked to broader efforts by criminal networks to recruit insiders acrosscrypto, gaming, and telecom firms.The company stressed that its operations continue normallyand that new security measures are already in place to prevent similarincidents. Insider threats have become a rising concern in the digital assetindustry, as cybercriminals increasingly target employees with system accessrather than directly attacking infrastructure.This article was written by Jared Kirui at www.financemagnates.com.