Kraken issues phishing warning

Crime | August 19, 2016 By:

Kraken, a San Francisco-based digital currency exchange, announced it has received many reports lately of clients falling victim to phishing sites. The company warns that the fake Kraken website appears everywhere and looks exactly like the real one, which is rather confusing, especially for beginners.

A number of cryptocurrency users have reported this fraudulent platform, which appears in ads across all the major search engines (Google/Yahoo/Bing). What is more, phishing ads look just like the organic search results for the real site, and even appear above the real site.

Unfortunately, it seems to be easier to get an ad up than it is to have one taken down. Kraken states that their efforts at reporting the malignant ads have, so far, only resulted in temporary removal. The matter is now in the hands of the company’s legal team, who is seeking a more permanent cure.

The company said they are working on more features to protect their clients, and help their clients protect themselves. “We know that it’s easy to slip up, even while actively practicing good security 99.99% of the time. We are improving our systems to better catch anomalous activity, and our interface to make the advanced security settings easier to understand,” Karaken added.