Kraken is one of the leading cryptocurrency exchanges in the world. Unfortunately, Sunday afternoon the site received a DDoS attack. Right before the attack occurred someone sold a large amount of ETH dropping the price significantly. The DDoS attack occurred quickly after, making it impossible for users to access the site. The person behind the attack was then able to buy cheap ETH right after the dump. Many people lost money in result to this attack as well. Shortly after Kraken tweeted about the incident letting users know what was going on. 
This is a reminder for people who use these cryptocurrency exchanges, pull your coins out of these exchanges, and put them into a hardware wallet. These exchanges offer little security, and no insurance for users who lose money during these attacks. Do some research find what hardware wallet is best for you and start using it. The initial purchase of a hardware wallet will be worth the thousands you could potentially save from and attack in the future.
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