Twitter bans Kraken Exchange Support account

Twitter banned Kraken Support account for trying to warn users about scammers in comments
07 March 2018   783

Twitter support sometimes manages to surprise everyone with, let's say, strange actions. Now, they decided to ban one of the largest cryptocurrency exchanges – Kraken. The main account @krakenfx is unaffected, but @krakensupport account was suspended due to unspecified “multiple or repeat violations of the Twitter Rules”.

If Kraken is to be believed, and we don't have any indication of the contrary, Twitter support decided to ban Kraken Support account for repeated warnings about scammers, who pretended to be part of the Kraken team with the usual adage of “send us money and get even more money back”. Being the victim of such a fraud didn't agree with Kraken very much, so they decided to warn users via their support account. And Twitter, without investigating who was in the wrong, just banned them.

Quite an interesting story it seems be because even now the accounts of scammers with promises of a giveaways and multiple fake tweets about receiving coins in return are still functional. And Kraken Support, who tried to warn its users about the fraud, is permanently banned. Even under the post about the ban on @krakenfx sprang up several of these shady reply tweets about giveaways, and still clueless Twitter support is sitting on their hands and doing nothing despite numerous spam strikes on the posts.

The campaign against “fake news” on Twitter is still ramping up, maybe even getting some positive results, but is it worth it, if so much common spam get through? And while spam is bad by itself, why not look closer in cases such as this one, at least to correctly determine, who is responsible for ”rule violation”?

As of now, the @krakensupport is back in action, so at least the justice was served, but the trend is worrying, to say the least.

OKEx & Kraken to List Bitcoin SV

Kraken notes that Bitcoin SV doesn't meet its usual listing requirements
19 November 2018   228

OKEx Bitcoin exchange, charged holders of Bitcoin Cash with BCHABC and BCHSV coins. Bidding for each asset is available in pairs with Tether USD, Bitcoin, Ethereum and OKB token.

Note that futures, margin trading and fiat pairs will remain unavailable for new assets. The withdrawal of coins is also closed indefinitely.

In turn, the Kraken exchange assigned the BCH ticker to the Bitcoin ABC chain, but also made a decision on the listing of Bitcoin SV (BSV).

WARNING: Bitcoin SV does NOT meet Kraken’s usual listing requirements. It should be seen as an extremely high risk investment. There are many red flags that traders should be aware of:

  • No known wallets supporting replay protection (be careful!)
  • No support in major block explorers
  • Miners apparently subsidized or operating at a loss
  • Representatives threatening and openly hostile toward other chains
  • Chain’s survival may be mutually exclusive with other chains
  • Supply is temporarily constrained because of limited wallet support
  • Some large holders have indicated they’d be dumping everything ASAP
  • Kraken has done only very minimal code review

Custodial losses taken on due to attacks originating from nChain or its affiliates will be socialized among all BSV holders on Kraken. Given the volatile state of the network and threats that have been made, Kraken cannot guarantee perfect custody of BSV.

Kraken Team

BSV trading will be available in pairs with Bitcoin, fiat USD and Euro.

Meanwhile, the BSV rate in the last 24 hours fell by almost 30%, dropping below $ 90.