Top
Home / News
News, Tech

Kraken says all systems operational after issue with Ethereum funding gateway

By

By Rishabh Jaiswal and Nilutpal Timsina

(Reuters) – Cryptocurrency exchange Kraken said on Sunday that issues with cryptocurrency Ethereum‘s funding gateway have been resolved.

“All systems operational,” Kraken said on its status page, without giving details on what caused the issue.

Kraken had said early on Sunday that it was investigating an issue with the Ethereum funding gateway and that it could cause a delay in deposits and withdrawals.

Ethereum is the world’s second-largest cryptocurrency.

Kraken says all systems operational after issue with Ethereum funding gateway
Kraken cryptocurrency exchange logo is seen in this illustration taken July 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Kraken is a United States–based cryptocurrency exchange, founded in 2011. It was one of the first bitcoin exchanges to be listed on Bloomberg Terminal and is reportedly valued at US$10.8 billion, as of mid-2022. The company has been the subject of several regulatory investigations since 2018, and has agreed to cumulative fines of over $30 million to resolve the disputes.

The company was co-founded in 2011 by Jesse Powell, an alumnus of California State University, Sacramento with Thanh Luu and Michael Gronager.

Tags: , , , ,
0

The 4iMag Team is a collective byline representing the collaborative work of journalists, researchers, academics, and field experts who contribute to 4i Magazine’s exploration of innovation, intelligence, information, and insight. Each article published under the 4iMag Team is a result of interdisciplinary collaboration—blending in-depth journalistic investigation with the expertise of leading lecturers, professionals, and specialists from around the world. By fusing front line reporting with expert perspectives, especially on breakthroughs in fields like artificial intelligence, cybersecurity, space technology, and emerging scientific paradigms, the 4iMag Team produces timely, well-researched content that is both accurate and rich in thought leadership.

RELATED POSTS

News, Tech

Burwick Law is lead counsel in the active federal securities class action for people who lost money on the Hawk Tuah memecoin (ticker HAWK). The lawsuit, pending in the U.S. District Court for the Eastern District of New York (EDNY), alleges that Hawk Tuah was sold as an

News, Tech

2025 CWIEME Shanghai is proud to announce its 10th anniversary that will unfold at the Shanghai World Expo Exhibition & Convention Center on June 25-27. As a leading coil winding and electrical manufacturing event in Asia, CWIEME Shanghai serves as a strategic bridge between Asia and the world, fostering dialogue between experienced engineers

News, Tech

Bybit, the world's second-largest cryptocurrency, celebrates financial innovation with the Bybit USDT Festival in a series of events catering to diverse users. From Bybit Card holders to trading pros, Bybit users and community members are sharing over 1.5 million USDT in prizes through

4i magazine was founded with the vision of enabling our readers to make sense of the modern world. Our mission is to provide our audience with the most important, cutting-edge tech news and insights. Today's media landscape features too much information and not enough knowledge. Our coverage aims to fix that, by focusing the spotlight on developing trends, up-and-coming talents, and news that's worth your attention.

info@4imag.com
jobs@4imag.com

© Copyright 4i Mag 2022 All Rights Reserved