Kraken confirmed Monday it is being extorted by a criminal group holding videos of internal systems containing customer data, and the crypto exchange has publicly refused to comply. Chief Security Officer Nick Percoco disclosed the threatvia Xon April 13, 2026, stating the firm is working with federal law enforcement across multiple jurisdictions to pursue arrests. The refusal is the right call. It's also a calculated institutional signal at a moment when exchange trust is structurally fragile.