Kraken Resolves Crypto Funding Gateway Issues Amidst IRS Scuffle

Kraken Restores Normal Operations

As of 8:35 am UTC, Kraken has successfully resolved the funding gateway hiccups that momentarily disrupted operations, including delays in deposits and withdrawals of popular cryptocurrencies like Bitcoin (BTC) and Ether (ETH). Nothing like a little chaos to spice up the early morning routine!

Timeline of Events

The saga began at 7:44 am UTC, when users received the first alert on Kraken’s status page regarding the funding delays. The message read, “Deposits and withdrawals are currently delayed. We will provide any updates as soon as possible.” This was the equivalent of throwing a wrench into a well-oiled machine; not fun!

• 8:06 am UTC: Kraken provides an update, assuring users they are working on a fix.
• 8:13 am UTC: Another update released, reinforcing their efforts.
• 8:35 am UTC: Status returns to normal, and the drama dissipates.

Awaiting Further Clarifications

As the Kraken team pulled up their bootstraps and got to work, details about the root cause of the issues remained scant. Cointelegraph reached out to Kraken for clarity, but we’re still waiting for that soap opera reveal! Was it a gremlin in the system or just a lack of coffee?

Upcoming Maintenance

Don’t get too comfortable! Users should note that Kraken’s futures platform will be temporarily unavailable for about ten minutes at 10:30 am UTC for site maintenance. If only they could schedule these interruptions like a well-planned lunch break!

Kraken and the IRS Showdown

While sorting through tech troubles, Kraken is also facing scrutiny from the Internal Revenue Service (IRS) in the U.S., demanding customer information that the exchange argues feels like an unauthorized treasure hunt. In response, Kraken has called upon the courts in San Francisco, asserting that the IRS “has gone too far.” Meanwhile, a popcorn vendor is still waiting for the next episode of this riveting drama.

International Recognition

On a brighter note, Kraken received authorization to operate as a virtual asset service provider in Ireland on April 18, joining the ranks of other reputable exchanges like Coinbase and Gemini. Who knew that going global could be so thrilling? Kraken is not done shaking things up; their chief security officer even teamed up with a popular streamer to create a fake account and bait con artists in the crypto space. How’s that for a plot twist?