Kraken resolves withdrawal delays caused by gateway issues.

Update: Kraken has resolved the issues related to the gateway as of 8:35 am UTC, and the operations have returned to normal.

Kraken, a cryptocurrency exchange, reported an issue with several crypto funding gateways, including major ones such as Bitcoin (BTC), Ether (ETH), and ERC-20, which caused operational delays. Kraken’s status page on June 6 stated that “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 they continue to “work on a fix” for the issue. The status page did not mention what caused the problem.

As of 8:35 am UTC, the status page returned to normal, with any updates about the delays and issues removed. Cointelegraph has reached out to Kraken for more information on the cause of the issue.

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Kraken’s futures platform is expected to be unavailable to users for approximately 10 minutes at 10:30 am UTC on June 6. The exchange says the cause is site maintenance.

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Kraken is currently facing demands from the Internal Revenue Service (IRS) in the United States to submit customer information, which the exchange has deemed an “unjustified treasure hunt.” The exchange asked courts in San Francisco to intervene, claiming the IRS has “gone too far” with its unwarranted claims.

On April 18, Kraken was authorized to operate as a virtual asset service provider in Ireland. The authorization made Kraken only the third cryptocurrency exchange registered in Ireland, following Gemini and blockchain.

Most recently, Kraken’s chief security officer, Nick Percoco, collaborated with a popular streamer to create a fake crypto account on the exchange and “scam bait” bad actors in its ecosystem.

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