The post Kraken Faces Criticism Over Rejecting BTC Payouts To Creditors appeared first on Coinpedia Fintech News
Kraken, a prominent crypto exchange, is facing criticism due to the rejection of Bitcoin (BTC) payouts to creditors involved in the Mt. Gox bankruptcy proceedings. According to several posts on the Mt Gox insolvency subreddit from users affected by this issue, Kraken has repeatedly informed them that their account verification levels are insufficient to process the Bitcoin transfers. Adding to the confusion, the link provided by Kraken for verification details leads to a message indicating delays due to high volumes of verification requests from creditors. This has further aggravated the situation for those expecting a timely resolution.