Rogue Employee Breach at Kraken Exposes Vulnerabilities in Federal Reserve Payment Infrastructure

Systemic operational and cybersecurity vulnerabilities have entered the nation's core financial networks. The risk stems from the granting of Federal Reserve master accounts to uninsured cryptocurrency institutions. Kraken, the first digital asset company to gain direct access to the Federal Reserve's payment infrastructure, is currently fighting an extortion plot fueled by rogue employees who caused a security breach.