On June 6, Kraken, a leading cryptocurrency exchange, reported issues with several cryptocurrency funding gateways, including Bitcoin, Ethereum, and ERC-20, leading to operational delays. A message posted on Kraken’s status page revealed that deposits and withdrawals were delayed, without specifying the cause. By 8:35 am UTC, the situation seemed to have normalized with all updates regarding the issue removed from the status page.
Meanwhile, Kraken’s futures platform was scheduled for a 10-minute downtime at 10:30 am UTC due to site maintenance. In other news, Kraken, currently under pressure from the US Internal Revenue Service (IRS) to surrender customer data, has objected to the IRS’s demands, describing them as an “unjustified treasure hunt.” The exchange has requested the San Francisco courts to intervene, arguing that the IRS’s claims are unwarranted.
In April, Kraken became the third cryptocurrency exchange in Ireland to receive authorization to operate as a virtual asset service provider, joining Gemini and Coinbase.
In a recent initiative against malicious actors, Nick Percoco, Kraken’s chief security officer, worked with a popular streamer to set up a counterfeit crypto account on the exchange, aiming to lure and catch fraudsters in its ecosystem. Cointelegraph has contacted Kraken for additional details regarding the aforementioned funding gateways issue.
