In a recent development that caused a temporary disruption in the crypto world, major cryptocurrency exchange Kraken faced issues with its crypto funding gateways, leading to delays in deposits and withdrawals.

However, the exchange swiftly responded to the situation, investigating and resolving the problem to restore full functionality to its withdrawal services.

Gateway Hiccups And Operational Delays

Kraken users encountered a setback as the exchange grappled with issues related to various crypto funding gateways, including prominent cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and ERC-20 tokens.

On June 6, Kraken’s status page notified users about the delay in deposits and withdrawals, and subsequent updates indicated that the team was diligently working to address the problem.

However, the exact cause of the issue was not immediately disclosed, leaving users eager for more information. Amid the uncertainty, Kraken’s status page eventually returned to normalcy at 8:35 am UTC, ensuring all systems were operational again.

While the specific details of the underlying problem were not provided, the prompt resolution offered relief to users who had experienced a temporary disruption in withdrawal services.

Turmoil In Crypto

It is worth noting that the Kraken incident occurred amid the legal challenges faced by other prominent exchanges, such as Coinbase and Binance, with the U.S. Securities and Exchange Commission (SEC) taking

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Author: Edyme

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