Kraken User Loses $18.2M in Social Engineering Attack as Funds Routed via THORChain

A Kraken user has lost approximately $18.2 million in a sophisticated social engineering attack. According to blockchain investigator ZachXBT.

Unlike traditional hacks, the attacker manipulated the victim into revealing sensitive access information. Allowing funds to be drained without breaching the platform’s systems. The stolen assets were quickly moved across chains using THORChain. Making recovery more difficult and highlighting growing risks beyond technical vulnerabilities. The incident serves as a stark reminder that human error remains one of the weakest links in crypto security, even as exchange infrastructure continues to improve.

Clever Robot News Desk 1^st April 2025