Kraken acknowledged sending unjustified requests to clients who bought and then withdrew Monero (XMR), asking about their employer, the source of their funds and their intended use of the cryptocurrencies. According to co-CEO Arjun Sethi, the alert stemmed from an employee’s mistaken assessment, and no platform rule justified the requests. Following criticism from the Monero community, Kraken withdrew the requests, informed the affected clients and removed the question about how they planned to use the cryptocurrencies after withdrawal. The company nevertheless confirmed that XMR would remain listed in jurisdictions where it is available, after delisting Monero in the European Economic Area in October 2024, while maintaining source-of-funds checks to meet compliance obligations.
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