{"id":600724,"date":"2026-05-21T21:00:45","date_gmt":"2026-05-22T01:00:45","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=600724"},"modified":"2026-05-21T12:29:47","modified_gmt":"2026-05-21T16:29:47","slug":"6-7-million-drained-how-a-user-lost-funds-from-both-coinbase-and-kraken","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/6-7-million-drained-how-a-user-lost-funds-from-both-coinbase-and-kraken\/","title":{"rendered":"$6.7 million drained &#8211; How a user lost funds from both Coinbase and Kraken"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Another day and yet another attack. Specter, an on-chain investigator, exposed that a user who had accounts on Coinbase and Kraken was exploited. According to the investigation, the attack resulted in the loss of $6.7 million in stolen funds. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In all, 10.5 BTC and 1,554 ETH valued at $3.3 million were taken out of the victim&#8217;s Kraken account. Additionally, 34.1 $cbBTC, which is worth $2.6 million, was also taken out of Coinbase.<\/span><\/p>\n<figure id=\"attachment_600739\" aria-describedby=\"caption-attachment-600739\" style=\"width: 2404px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Kraken-and-Coinbase-user-lost-6.7M.png\"><img decoding=\"async\" class=\"wp-image-600739 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Kraken-and-Coinbase-user-lost-6.7M.png\" alt=\"Kraken and Coinbase user lost $6.7M\" width=\"2404\" height=\"694\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Kraken-and-Coinbase-user-lost-6.7M.png 2404w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Kraken-and-Coinbase-user-lost-6.7M-300x87.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Kraken-and-Coinbase-user-lost-6.7M-1024x296.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Kraken-and-Coinbase-user-lost-6.7M-768x222.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Kraken-and-Coinbase-user-lost-6.7M-1536x443.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Kraken-and-Coinbase-user-lost-6.7M-2048x591.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Kraken-and-Coinbase-user-lost-6.7M-1200x346.png 1200w\" sizes=\"(max-width: 2404px) 100vw, 2404px\" \/><\/a><figcaption id=\"caption-attachment-600739\" class=\"wp-caption-text\">Source: Specter\/X<\/figcaption><\/figure>\n<h2><span style=\"font-weight: 400;\">Details of the attack and more<\/span><\/h2>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/x.com\/SpecterAnalyst\/status\/2057013903310164373\" target=\"_blank\" rel=\"noopener\">According to an early investigation<\/a>, the account holder might have been the target of a physical attack that caused the theft. Later, though, Specter revised the assessment to indicate that there was probably no physical attack involved.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At that time, the hacker was quick enough to deposit $5.3 million into Tornado Cash in order to launder the stolen money.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> Although no further information is available regarding how the attackers might have accessed the victim&#8217;s exchange accounts, the attack has further undermined the crypto security guard, which is losing ground.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This highlights how there <\/span><span style=\"font-size: 1rem;\">has been a massive rise in scams in 2026. DeFiLlama data confirmed this sentiment, as the total value compromised had peaked at $840.1 million.<\/span><\/p>\n<figure id=\"attachment_600737\" aria-describedby=\"caption-attachment-600737\" style=\"width: 1550px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Total-Value-Hacked.png\"><img decoding=\"async\" class=\"wp-image-600737 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Total-Value-Hacked.png\" alt=\"Total Value Hacked\" width=\"1550\" height=\"674\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Total-Value-Hacked.png 1550w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Total-Value-Hacked-300x130.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Total-Value-Hacked-1024x445.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Total-Value-Hacked-768x334.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Total-Value-Hacked-1536x668.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Total-Value-Hacked-1200x522.png 1200w\" sizes=\"(max-width: 1550px) 100vw, 1550px\" \/><\/a><figcaption id=\"caption-attachment-600737\" class=\"wp-caption-text\">Source: DeFiLlama<\/figcaption><\/figure>\n<p><span style=\"font-size: 1rem;\">In fact, April was the month with almost <a href=\"https:\/\/ambcrypto.com\/is-cryptos-security-model-cracking-aprils-600m-in-defi-hacks-tells-us\/\" target=\"_blank\" rel=\"noopener\">30 incidents<\/a> and hacks valued at a total of $634.85 million.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">2026 becomes the year of scams<\/span><\/h2>\n<p>AMBCrypto also recently reported another exploit involving the <span style=\"font-weight: 400;\"><a href=\"https:\/\/ambcrypto.com\/verus-ethereum-bridge-hack-drains-11-58m-why-defi-trust-is-eroding\/\" target=\"_blank\" rel=\"noopener\">Verus-Ethereum bridge.<\/a><\/span>\u00a0Attackers reportedly stole around $11.58 million through a verification flaw.<\/p>\n<p>Meanwhile, <span style=\"font-weight: 400;\"> <a href=\"https:\/\/ambcrypto.com\/double-check-your-systems-binances-cz-sounds-alarm-over-github-hack-risks\/\" target=\"_blank\" rel=\"noopener\">GitHub<\/a>,<\/span>disclosed cases of unauthorized access involving its systems.<\/p>\n<p>On top of that, <span style=\"font-weight: 400;\"> <a href=\"https:\/\/ambcrypto.com\/bankr-attack-raises-alarm-after-hackers-access-14-crypto-wallets-details\/\" target=\"_blank\" rel=\"noopener\">14 Bankr wallets<\/a> <\/span>were compromised in another attack. The incident caused losses worth nearly $150,000.<\/p>\n<p><span style=\"font-weight: 400;\">In conclusion, examining the attacks closely reveals that they are never the same; wrongdoers always find a new way to carry out their operations. Thus, it is unclear if hacks and attacks will continue to rise or fall by the end of 2026, with nearly half of the year still to go.\u00a0<\/span><\/p>\n<hr \/>\n<h2><span style=\"font-weight: 400;\">Final Summary<\/span><\/h2>\n<ul>\n<li><em>The attack drained 10.5 BTC and 1,554 ETH valued at $3.3 million from the victim&#8217;s Kraken account. <\/em><\/li>\n<li><em>DeFiLlama suggested that the total value compromised in 2026 had totaled $840.1 million, with April seeing the most hacks.\u00a0<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Attackers are constantly coming up with new ways to get around crypto security systems. <\/p>\n","protected":false},"author":66,"featured_media":600822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[35,66,4,20],"tags":[6427],"class_list":["post-600724","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin-news","category-new-news","category-social","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - 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