Kraken Resumes Withdrawals

The exchange went offline at 9 p.m. Pacific Time on Wednesday for maintenance that was initially scheduled to last two hours
15 January 2018   1475

Kraken, one of the largest cryptocurrency exchange, has resumed service after scheduled maintenance that was supposed to take two hours but instead took two days.

The exchange went offline at 9 p.m. Pacific Time on Wednesday for maintenance that was initially scheduled to last two hours, plus an additional two to three hours for withdrawals.

Kraken Closed

Kraken mentioned it’s working on "unexpected and delicate issues" and assured clients their funds were secure, adding that "Yes, this is our new record for downtime since we launched in 2013. No, we’re not proud of it."

With their return online, Kraken announced that unleveraged trading is free until the end of the month. The site has been functioning normally since going online, but trading was paused for several hours due to problems displaying order book data that have since been resolved.

Last few days the exchange was working to get withdrawals back online and yesterday Kraken announced that withdrawals are now enabled.

Kraken Withdrawals

Recently, we have reported that the Austrian exchange Bitpanda trading BTC, ETH, DASH, LTC, BCH has added Ripple cryptocurrency to the platform.

Kraken to Pay $100k For Info on QuadrigaCX Lost Funds

As reported, the exchange wants to raise awareness of the QuadrigaCX case and draw attention to it
01 March 2019   182

Kraken has announced its willingness to pay a reward of $ 100,000 for information that will help in the search for cryptocurrency assets missing from the Canadian exchange QuadrigaCX.

As stated on the website of the exchange, since 2014, Kraken has invested significant resources and provided expert assistance to the trustee and investigators conducting the case of Mt. Gox, supporting the return of the largest possible number of bitcoins to the lenders of the exchange.

According to the founder, the exchange wants to raise awareness of the QuadrigaCX case and draw attention to it. As Kraken hopes, it will be able to help find at least some or all of the missing customer funds.

Simultaneously, the exchange conducted a podcast with Jess Powell, in which it published the most known information about the QuadrigaCX case and the alleged death of its founder and CEO, Gerald Cotten.

As stated by the exchange, information that will help in the search for missing funds, will be transfered to law enforcement agencies. Remuneration to informants can be paid both in cryptocurrency and in Fiat.

According to experts, QuadrigaCX’s debt to customers is $ 190 million ($ 137 million in cryptocurrencies and $ 53 million in Fiat). Due to unrecorded obligations, this amount may, however, turn out to be $ 6 million higher.