#kraken

A U.S. federal judge has denied Kraken’s attempt to challenge a decision allowing the SEC’s case against the exchange to proceed. The legal battle between one of the largest crypto exchanges and the regulator is far from over.

Kraken prepares to roll out its own Layer 2 blockchain, Ink, at the beginning of next year.

The Australian Securities and Investments Commission (ASIC) won a legal battle against Bit Trade Pty, the local operator of the Kraken exchange. The court found that the company violated regulations by offering margin trading services to Australian clients without the necessary registration since 2021.

According to the company's report, on June 5, the team identified several critical vulnerabilities in Kraken's security system, which could have led to significant financial losses.

“I personally don’t see the regulatory problems but I get that it’s complicated and evolving and maybe Reddit doesn’t want the hassle.”

The BALD project’s scammer team managed to relocate 7000 ETH ($13 million) from Base network into Ethereum. Not stopping there, they sent 2100 ETH (around $4 million) to the Kraken exchange, possibly gearing up for a grand withdrawal. Want the full story on this crafty meme coin scam? Read all about it in our detailed article!

On October 30, 2024, the American crypto exchange Kraken announced significant layoffs, marking it as the third major crypto company to reduce its workforce this week.

The Australian Federal Police (AFP) "deciphered" the seed phrase of a cryptocurrency account as part of Operation Kraken. Authorities seized approximately $9.3 million from Jay Jay Je Yoon Jung, a suspected developer of the encrypted messaging app Ghost.

Kraken's institutional arm has begun offering services to clients in the UK and Australia, catering to hedge funds, ETF issuers, and other large entities with advanced management and functionality.

Match Group, the developer of popular dating services, has joined forces with the crypto exchanges Coinbase, Kraken, Gemini, and Meta (Facebook and Instagram) in a new initiative called Tech Against Scams. Together, they aim to combat the Pig Butchering scam, which involves building fake online relationships to steal assets.

Pursuant to a court order received in June, Kraken, the cryptocurrency exchange, will be disclosing user data to the U.S. Internal Revenue Service (IRS) in the upcoming month.

“FTX 2.0 would be worse than starting from scratch. No team, no tech, no licenses, no banking, tarnished brand. The trustee should just auction off the domain and trademark to the highest bidder. Anything beyond that is simply a fee extraction attack on delusional creditors,” — tweeted Kraken founder. Who would actually be interested in buying FTX?

Despite the ongoing rally in June, spot trade volumes in Q2 experienced a substantial decline, reaching their lowest level since 2020, according to Kaiko. Binance saw the most significant drop in trading activity, with volumes plunging by nearly 70%. Other exchanges such as Coinbase, Kraken, OKX, and Huobi also witnessed a decline of over 50% in trade volumes.