Kraken froze accounts owned by FTX Group, Alameda Research and its executives.
After FTX gave up on buying Binance, it looked for investments for a while. However, FTX, which could not find the support it was looking for, filed the bankruptcy flag. It then reactivated the market due to hacking attacks and suspicious transactions. Binance paused FTT deposits. Then the crypto exchange Kraken took a step in this regard.
Kraken Freezes FTX and Alameda Accounts
Kraken froze accounts owned by FTX Group, Alameda Research and its executives following filing for Chapter 11 bankruptcy protection.
The US-based crypto exchange made a statement on Twitter today that several accounts owned by FTX Group, Alameda Research and its executives were frozen.
Kraken has spoken with law enforcement regarding a handful of accounts owned by the bankrupt FTX Group, Alameda Research and their executives. Those accounts have been frozen to protect their creditors.
Other Kraken clients are not affected. Kraken maintains full reserves.
— Kraken Exchange (@krakenfx) November 13, 2022
Kraken’s post on Twitter included the following:
“Kraken spoke to law enforcement regarding several accounts owned by the bankrupt FTX Group, Alameda Research and its executives. These accounts have been frozen to protect their creditors.”
Crypto exchange Kraken also stated that in addition to freezing the linked accounts of the bankrupt company, other customers’ funds were unaffected and retained all of their reserves.
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