Kraken, a leading cryptocurrency exchange based in the US, experienced a temporary outage in its Ethereum (ETH) funding gateway, causing delays in withdrawals and deposits. The exchange provided status updates on June 6, acknowledging the issue and informing users that they were actively working to resolve it. Multiple notices were issued throughout the morning, with the last update at 8:35 am UTC stating that all systems were operational, although the exact cause of the problem remained unclear at the time of writing.
Additionally, Kraken users encountered a brief period of unavailability on the exchange’s futures platform at 10:30 UTC on the same day, attributed to ongoing site maintenance.
Further details regarding the underlying cause of the ETH funding gateway issue are eagerly awaited from Kraken, despite the fix being implemented. In other recent news, Kraken collaborated with popular streamer Kitboga to create a dummy crypto account on the platform, aiming to expose and frustrate scammers. Kitboga utilized the account to counter a con artist posing as Joe Biden, in line with his videos focusing on exposing and thwarting fraudulent activities.