- Kraken experienced operational delays due to an issue affecting various crypto funding gateways.
- Kraken informed users about delays in deposits and withdrawals, promising updates on June 6.
- The IRS pressured Kraken for customer information, leading to court intervention.
Cryptocurrency exchange Kraken conducted an inquiry into operational delays affecting numerous crypto funding gateways, including prominent ones like Bitcoin, Ether, and ERC-20.
Earlier today, Kraken’s status page informed users about delays in deposits and withdrawals, with a promise to promptly share any updates regarding the situation.
The initial notice regarding the delay in deposits and withdrawals was posted at approximately 7:44 am UTC. Subsequently, two updates were provided at 8:06 am UTC and 8:13 am UTC, informing users that efforts were ongoing to resolve the problem.
Moreover, the updates emphasized that the team was actively working toward finding a solution. However, the cause of the issue was not explicitly specified on the status page.
Nevertheless, as of 8:35 am UTC, the status page reverted to its normal state, with all updates regarding the delays and issues removed. This suggests that the problem might have been resolved by that time.
Meanwhile, Kraken announced that its futures platform would be temporarily inaccessible to users for an estimated duration of 10 minutes, starting at 10:30 am UTC on June 6. The exchange has attributed the unavailability to scheduled site maintenance.
On the other hand, Kraken is currently under pressure from the Internal Revenue Service (IRS) in the US to disclose customer information, a move the exchange considers an unjustified pursuit. In response, Kraken has sought court intervention in San Francisco, arguing that the IRS has exceeded its authority with baseless allegations.
In related news, on April 18, Kraken received approval to operate as a virtual asset service provider in Ireland, becoming only the third cryptocurrency exchange registered in the country, following Gemini and Coinbase.
In a recent development, Kraken’s chief security officer, Nick Percoco, collaborated with a popular streamer to create a fictitious cryptocurrency account on the exchange, aiming to expose and deceive malicious actors within its ecosystem.
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