Kraken Suffered Crypto Exchange Disruption From #Anonymous Sudan
Kraken, a United States-based cryptocurrency exchange, suffered disruption on its exchange platform. It reported on its official status information website that it is currently experiencing and investigating an issue with its cross-exchange transfers after a cybersecurity issue.
Anonymous Sudan Claimed Attack
Around 09:40 UTC, Anonymous Sudan on Monday claimed on its official Telegram page to have downed all services on the Kraken cryptocurrency exchange website and application.
At around noon, a Kraken crypto platform user questioned the @Krakenfx page on X (previously known as twitter) “Kraken you have not addressed the issues, why can’t we login’ the User says. Additionally, another user commented: ‘I can see all my funds can’t withdraw anything at the moment.”
As of the time of writing, the details of the hack show that the Kraken website service was down for a continual time. Furthermore, a user’s comment shows that due to Kraken’s maintenance, they can’t close all positions. The comment reveals the pressing situation of the Kraken website and its app services.
As a result of the downtime, several traders will lose their funds in the derivative market due to their inability to close their positive. This will also affect short-term spot traders as well.
SEC Accused Kraken For Operating Unregistered Platform
The U.S. crypto exchanger is the latest targeted by the Securities and Exchange Commission in a series of similar actions being fought in court by other firms.
The Crypto exchanger Kraken commingled customer and corporate funds while operating as an unregistered broker, clearing agency, and dealer, the U.S. Securities and Exchange Commission (SEC) alleged in a new lawsuit Monday.
The federal regulator claimed that the U.S. firm violated federal securities laws in a repeat of its suits against other crypto trading platforms. SEC claims that Kraken created a significant risk by commingling up to $33 billion in customer crypto with its corporate assets.
