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Kraken paused XMR withdrawals. (hackertalks.com)
submitted 3 weeks ago by jet@hackertalks.com to c/monero@monero.town
7 comments fedilink hide all child comments

Wtf is going on with kraken?

https://status.kraken.com/incidents/rzd4fm71v33m

Currently we have paused Monero (XMR) withdrawals.
Deposits are unaffected and still require 32 confirmations (~1h) before crediting.
We are actively monitoring the situation and will provide more updates as they become available.

The last update was 2 days ago, basically it's been down for a week.

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[-] Electricd@lemmybefree.net 2 points 3 weeks ago

Kraken has always passed the reserves tests, are audited from what I remember, and publish proof of reserves for cryptocurrencies that allow it. I don't believe they use fractional reserves.

[-] jet@hackertalks.com 2 points 3 weeks ago

Hrmm, but a two week withdrawal outage is really long if they actually have the xmr

[-] Electricd@lemmybefree.net 2 points 3 weeks ago

That’s why I wanted more transparency

this post was submitted on 10 Sep 2025
13 points (100.0% liked)

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