Crypto exchange Kraken targeted in extortion attempt but says there was no breach and no client funds at risk

Kraken, a crypto exchange, has been targeted in an extortion attempt over limited insider-related data access incidents affecting about 2,000 accounts, but the firm claims no breach occurred and no client funds are at risk. This incident may lead to increased scrutiny of exchange security and potential regulatory attention. The market impact is expected to be limited due to Kraken's prompt response and assurance of client fund safety.