Kraken experiences gateway issues — withdrawals, deposits delayed

Kraken experiences gateway issues — withdrawals, deposits delayed

Major crypto exchange Kraken investigated an issue with crypto funding gateways, including BTC, ETH, and ERC-20, with users experiencing delays in deposits and withdrawals.

Kraken experiences gateway issues — withdrawals, deposits delayed


Cryptocurrency exchange Kraken said it investigated an issue with several crypto funding gateways, including major ones such as Bitcoin (BTC), Ether (ETH) and ERC-20, which caused operational delays. 

On June 6, Kraken’s status page said, “Deposits and withdrawals are currently delayed. We will provide any updates as soon as possible.”

The first notice was posted around 7:44 am UTC when deposits and withdrawals were delayed. This was followed by two updates at 8:06 am UTC and 8:13 am UTC saying it continues to “work on a fix” for the issue.

The status page did not make clear what was causing the issue.

As of 8:35 am UTC, the status page returned to normal, with any updates about the delays and issues removed.

Cointelegraph has reached out to Kraken for more information on the cause of the issue.

Kraken’s futures platform is expected to be unavailable to users for approximately 10 minutes at 10:30 am UTC on June 6. The exchange says the cause is site maintenance.

Related: Kraken, UK trade body derides lawmaker description of crypto as ‘gambling’

Kraken is currently facing demands from the Internal Revenue Service (IRS) in the United States to submit customer information, which the exchange has deemed an “unjustified treasure hunt.” 

The exchange asked courts in San Francisco to intervene, claiming the IRS has “gone too far” with its unwarranted claims.

On April 18, Kraken was authorized to operate as a virtual asset service provider in Ireland. The authorization made Kraken only the third cryptocurrency exchange registered in Ireland, following Gemini and Coinbase.

Most recently, Kraken chief security officer Nick Percoco collaborated with a popular streamer to create a fake crypto account on the exchange and “scam bait” bad actors in its ecosystem.

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