In quite a big security breach, which had the potential to cause untold damage to a rather large cryptocurrency exchange, Etana Custody, a firm that services Kraken with fiat funding, was reported to have had its security breach. However, there has been no evidence or reports that any funds have been impacted.

The report came on April 18, but when the news broke a spokesperson from the custody service reported that there was no impact on user funds even though it was a clear breach of the platform’s system. It was stated: “client user interface was accessed by an unauthorized external party” But in general, the impact was very minimal as the same note stipulated: “no client assets or securities, including fiat or digital currencies were affected and no unauthorized withdrawals or transfers were made.”

If there had been some sort of a fund breach then there would have been access for the hackers to Kraken users’ U.S. dollar, euro, Canadian dollar, British pound and Japanese yen balances. But, in the end, there does look to be a bit of a data breach.

Users’ personally-identifying information including names, email addresses, physical addresses, and phone numbers may have been compromised, according to the platform. But, they also add that more sensitive data, such as passports, government-issued IDs, or driver’s license numbers were not accessible to the hackers.

A spate of hacks and attacks

There have been a number of key attacks and hacks in the cryptocurrency space in the past few weeks, but what has set them apart is that they have dealt very little damage. More so, the attacks looked to have been focused on DeFi platforms.

Firstly, Chinese DeFi platform, dForce, was almost wiped clean as 99.95% of locked funds were taken thanks to an exploited vulnerability in the ERC-777 token standard by targeting the stablecoin, imBTC.

Yet, the damage was mitigated as a few days later the hacker returned the funds — all $25 million — as it was presumed that he realized he had left too many clues to his identity and was seeking mercy.

After that Factom-based stablecoin network, PegNet, saw a group of four top miners execute a 51% attack to create $6.7 million worth of the stablecoin pUSD. But, after unsuccessfully attempting to liquidate the funds, the miners elected to move the tokens to a burn address put it down as a penetration test.