Crypto exchange Kraken disclosed that it was investigating a problem with some crypto funding gateways, including Bitcoin, Ether, and ERC-20, which caused operational delays to withdrawals and deposits.
The status page of Kraken on June 6 stated, “Deposits and withdrawals are currently delayed. We will provide any new information as quickly as possible.”
The initial notice was posted around 7:44 UTC when deposits and withdrawals were delayed. This was followed by two updates at 8:06 and 8:13 UTC stating that the company was “working on a fix” for the problem.
The status page needed to make it obvious what the issue was.
As of 8:35 UTC, the status page has returned to normal, with all delays and issues-related updates removed.
On June 6, at 10:30 a.m. UTC, Kraken’s futures platform is expected to be unavailable for approximately 10 minutes. The exchange indicates that site maintenance is the cause.
The Internal Revenue Service (IRS) of the United States is currently requesting customer information from Kraken, which the exchange has deemed an “unjustified treasure hunt.”
The exchange requested San Francisco courts to intervene, arguing that the IRS has “gone too far” with its unjustified claims.
Before that, on April 18, Kraken was granted permission to operate as a virtual asset service provider in Ireland. Kraken became the third cryptocurrency exchange registered in Ireland, after Gemini and Coinbase.
Nick Percoco, the chief security officer of Kraken, recently collaborated with a famous streamer to establish a fake cryptocurrency account on the exchange to “scam bait” bad actors within its ecosystem.
