Entity background
Kraken is a crypto trading platform serving individuals and institutions across spot, derivatives, OTC, staking, and custody. Its listings, service status, regional compliance, and product changes affect what users can access in different jurisdictions.
Current focus
xiyu.news has tracked 8 related reports since 2026-08-29. The latest focus is “Kraken Refuses To Pay Extortion Demand Over Stolen Client Data”. 7 continuing event timelines connect the coverage over time.
Recent developments
8 entries- #01
Kraken Refuses To Pay Extortion Demand Over Stolen Client Data
Kraken disclosed that stolen client data was used in an extortion attempt against the exchange, and publicly stated that it refused to pay the attackers' demand. The disclosure concerns client data rather than a loss of customer funds or exchange reserves. The incident is a security and trust event for Kraken's users, whose data is at the center of the extortion attempt, and the exchange's public refusal puts its position on record rather than resolving the matter privately.
- #02
Payward expands Kraken with $2B acquisition push - Crypto News
Payward, the parent company of the Kraken cryptocurrency exchange, is advancing an expansion strategy anchored by roughly $2 billion in acquisitions, according to Crypto News. The push is aimed at growing the exchange's business. Payward co-CEO Arjun Sethi has said the company is unifying trading, payments, asset management and institutional services on common rails, and the reported acquisition push sits within that stated effort to build beyond a standalone crypto exchange. The acquisition programme is attributed to Payward, Kraken's parent company, rather than to the Kraken exchange itself.
- #03
MultiversX restarts after exploit halt, but Kraken still bars new EGLD trades - CryptoRank
MultiversX said its mainnet resumed block production on Thursday, Sept. 24, about five days after an exploit-related halt, with its technical account @CodeMultiversX reporting a recovery upgrade had been deployed. As of the same Sept. 24 check, Kraken's incident page still listed EGLD as cancel-only trading with deposits and withdrawals paused, and showed no reopening time. The chain's restart did not by itself restore the ability to trade EGLD or move it through Kraken: @CodeMultiversX warned that trading, deposits and withdrawals might remain paused at some exchanges for several more days while those platforms complete their own reopening processes, and directed users to check exchange updates. Kraken's incident timeline predates the network halt — it first reported possible EGLD funding-gateway delays on Sept. 16 and moved EGLD pairs to cancel-only trading on Sept. 19, so the dates alone do not establish a cause for the exchange's original issue or its escalation. Cancel-only allows customers to cancel existing orders but bars new orders and trade execution, and MultiversX's statements do not fix the exact stop and restart times.
- #04
Kraken Parent Payward Prepares US Onchain Perpetual Futures Launch
Payward, the parent company of crypto exchange Kraken, is preparing to offer onchain perpetual futures to US traders through Bitnomial Exchange, its CFTC-regulated venue, pending regulatory approval. The offering would bring a fully onchain perpetuals product into the US regulated derivatives framework for the first time at this scale. US traders have long been largely restricted to offshore venues for perpetual futures, so a CFTC-regulated onchain perps product could pull a portion of that demand onshore and intensify competition with existing US-listed derivatives, including Coinbase Derivatives' perpetual-style futures and CME crypto contracts. It also signals that regulated, institution-grade onchain derivatives infrastructure is becoming viable rather than experimental. Onchain perpetuals are cash-settled contracts with no expiry date in which order placement, matching, settlement, collateral custody and liquidation all occur on a blockchain, which changes the custody and transparency profile relative to centralized offshore venues. The launch is described as pending approval, so the exact timing, contract specifications, available collateral assets and leverage limits have not been finalized.
- #05
Kraken Refuses to Pay Extortion Demand Over Stolen Client Data
Kraken has publicly refused to pay an extortion demand after client data was stolen, declining to meet the attackers' terms. The incident was described as an insider attack, meaning the data was taken by someone with legitimate internal access rather than through a purely external breach. A major exchange refusing to pay sets a public precedent for how crypto firms respond to data-extortion campaigns, and it pushes the industry's focus toward insider risk, user privacy and the security practices exchanges advertise. It also raises the stakes for Kraken's customers and regulators, because leaked identity data can enable phishing, account-takeover attempts, and physical targeting of crypto holders. The case highlights that perimeter defenses, encryption and multi-factor authentication address external attackers but do nothing against an employee who already holds valid credentials, which is why insider access controls and monitoring are the relevant mitigation. Kraken is legally named Payward, Inc., was founded in 2011, and by 2025 reported about $207 billion in quarterly trading volume as one of the world's largest exchanges.
- #06
Kraken Delists 21 Tokens for European Users; Trading Ends Sept 11
Kraken has announced it will delist 21 tokens, with all trading in these assets for European users ending on September 11. No alternative venue in Europe will remain available for these tokens after the delisting, according to the report. This is a material exchange action that removes regulated access to 21 tokens for European customers. The absence of a second venue means affected holders may need to transfer assets elsewhere or face reduced liquidity, highlighting how regulatory pressure such as MiCA is reshaping token availability in Europe. The delisting deadline is September 11, after which trading will be halted for the affected pairs. The announcement specifically impacts Kraken's European operations, and the report notes that affected users will not have a second European venue to fall back on for these tokens.
- #07
Hyperliquid in Talks With Kraken Parent for US Perps Market Entry
Bloomberg reports that Hyperliquid is in advanced talks with Payward, Kraken's parent company, to give US traders access to its crypto perpetual futures through Bitnomial, a CFTC-regulated exchange and clearinghouse. Payward has reportedly presented a proposal to the CFTC, though neither company has confirmed a deal. This would mark Hyperliquid's first push into the US market and could offer a template for other offshore, unregistered perp venues to enter the country under regulatory oversight. It also aligns with US regulators' efforts to pull offshore perpetual futures trading back onto domestic platforms. Hyperliquid handles more than $4 billion in daily volume with a permissionless design and no central operator, the core obstacle to US entry. Routing through Bitnomial would provide the regulated operator and oversight required, and any agreement would still need regulatory sign-off.
- #08
Kraken Tips Solana's Razor-Thin Inflation Vote
Solana validators narrowly approved SGP-0002, doubling the disinflation rate from 15% to 30%. The proposal passed with 67% support, just 0.33 percentage points above the required two-thirds threshold, after Kraken's validator flipped its vote. This is the first Solana governance proposal passed under the new binding on-chain voting system and it changes SOL's issuance schedule, reducing new SOL creation by roughly 18.9 million tokens over six years. The outcome directly affects SOL holders, stakers, and validators, and highlights the growing influence of large exchanges in network governance. Solana remains inflationary, with terminal inflation still at 1.5% per year; the change only accelerates the timeline to reach that floor from roughly 2032 to 2029. Developers must still re-anchor the supply curve, test, and activate the feature gate. Two companion proposals, SGP-0001 (the Solana Constitution) and SGP-0003 (a fee-burn mechanism), passed and failed respectively.