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Kraken fixes gateway issues after brief delay in withdrawals

Kraken fixes gateway issues after brief delay in withdrawals

Update: Kraken has fixed the gateway-related issues as of 8:35 am UTC, with operations returning to normal.

Cryptocurrency exchange Kraken stated that it investigated issues with numerous crypto funding gateways, including major ones such as Bitcoin (BTC), Ether (ETH), and ERC-20, causing operational delays.

On June 6, Kraken’s status page indicated, “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 that Kraken is still “working on a fix” for the issue.

The status page did not specify the cause of the issue.

As of 8:35 am UTC, the status page has returned to normal, and all updates regarding the delays and issues have been removed.

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

Kraken’s futures platform is expected to be inactive for approximately 10 minutes at 10:30 am UTC on June 6 as the exchange performs 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 called an “unjustified treasure hunt.” The exchange has asked courts in San Francisco to intervene, claiming the IRS has “gone too far” with its unwarranted claims.

On April 18, Kraken was given authorization to operate as a virtual asset service provider in Ireland. This authorization made Kraken 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 to “scam bait” bad actors in the ecosystem.

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