Cryptocurrency exchange Kraken experienced operational delays due to issues with several crypto funding gateways, including prominent ones like Bitcoin, Ether, and ERC-20.
Deposits and withdrawals were affected, prompting the exchange to investigate the matter.
Kraken’s status page initially reported the delays at 7:44 am UTC, followed by two subsequent updates at 8:06 am UTC and 8:13 am UTC, stating that they were actively working on a solution. However, the exact cause of the issue was not specified.
By 8:35 am UTC, the status page returned to normal, indicating that the delays and associated issues were resolved. No further updates were provided regarding the incident.
Additionally, Kraken informed users about scheduled maintenance on its futures platform, set to last approximately 10 minutes starting at 10:30 am UTC on June 6. The maintenance was attributed to site upkeep.
Kraken is currently challenging the United States Internal Revenue Service’s demands for customer information, labeling them as an unwarranted pursuit. Seeking legal intervention in San Francisco, the exchange asserts that the IRS has overstepped its jurisdiction.
Earlier, Kraken obtained authorization to operate as a virtual asset service provider in Ireland on April 18, becoming the third registered cryptocurrency outlet in the country, joining the ranks of Gemini and Coinbase.
Kraken’s chief security officer, Nick Percoco, partnered with a prominent streamer to establish a fictitious crypto account on the platform, aimed at luring and exposing potential scammers, exemplifying the company’s dedication to safeguarding users’ well-being and protection.
Kraken’s efforts to address gateway issues, its ongoing legal battle with the IRS, regulatory compliance in Ireland, and security initiatives underscore its dedication to providing a reliable and trustworthy platform for cryptocurrency trading.
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