The cryptocurrency exchange Kraken reported that it looked into a problem with a number of crypto funding gateways, including important ones like Bitcoin, Ether, and ERC-20, which resulted in operating delays.Deposits and withdrawals are now being held up, according to Kraken’s status page as of June 6.Any updates will be given as quickly as feasible.When deposits and withdrawals were delayed, the first alert was published around 7:44 am UTC.Following this, there were two updates at 8:06 and 8:13 UTC that stated the company was still “working on a fix” for the problem.The cause of the problem was not made explicit on the status page.The status page had all updates regarding the delays and problems removed as of 8:35 am UTC, and it was back to normal.
On June 6, at 10:30 a.m. UTC, users can anticipate a 10-minute outage of Kraken’s futures platform.According to the exchange, site maintenance is to blame.The Internal Revenue Service (IRS) in the United States has requested that Kraken give client information, which the exchange has labeled as a “unjustified treasure hunt.”The exchange argued that the IRS has “gone too far” with its unfounded assertions and requested intervention from the San Francisco courts.
Ireland granted Kraken permission to conduct business as a provider of virtual asset services on April 18.With this approval, Kraken joined Gemini and Coinbase as the only other cryptocurrency exchanges registered in Ireland.Nick Percoco, chief security officer of Kraken, most recently worked with a well-known streamer to construct a false cryptocurrency account on the exchange and “scam bait” criminal actors in the ecosystem.