Leading US-based crypto exchange Kraken had encountered an issue with the Ethereum [ETH] funding gateway due to which withdrawals and deposits were delayed, according to its status update on June 6.
The trading platform released two notices before this, the first at roughly 7:44 am UTC when deposits and withdrawals were delayed, and two updates at 8:06 am UTC and 8:13 am UTC claiming it was still “working on a fix” for the problem.
By 8:35 am UTC, all updates regarding the delays and problems had been taken off the status page.
The page’s latest notification was, ” All systems are operational. We will provide any updates as soon as possible,” and at the time this post was being written, it remains unclear what was causing the problem.
Kraken users were also unable to access its futures platform on June 6 at 10:30 UTC for about 10 minutes. The message stated then was “site maintenance currently in progress”.
As of now, more information is being awaited from Kraken on the cause of the issue even though the fix was implemented.
Recently the exchange collaborated with a popular streamer Kitboga to build a dummy crypto account on the exchange to “scam bait” bad actors.
Kitboga, whose videos focus on frustrating con artists, claimed that he utilized this to upset a con artist posing as Vice President Joe Biden.
Kraken’s Reverse Uno On Scammers
In a video clip, the streamer posing as an old woman showed the scammer “her” false Kraken crypto account, which included almost $450,000 worth of Bitcoin.
The con artist becomes overly enthused about a sizable possible payout after seeing these funds on a video remote computer screen-sharing program.
Much to the frustration of the scammer who furiously reacted after Kitboga wrongly entered his wallet’s address to send the funds.
The whole ordeal was a joy for Kitboga who was struggling to contain himself after the scam artist verbally abused him.
It was reported that the fraudster had likely provided a BTC wallet address hosted by Kraken, therefore allowing the crypto exchange to identify and flag their activities.
Kitboga later told his followers that he and Kraken’s top security officer, Nick Percoco, have worked together to make this all feasible.