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Crypto exchange Kraken freezes accounts related to FTX and Alameda

Published 11/13/2022, 09:25 PM
Updated 11/14/2022, 02:20 AM
Crypto exchange Kraken freezes accounts related to FTX and Alameda

United-States-based cryptocurrency exchange Kraken has frozen the accounts associated with “FTX Group, Alameda Research, and their executives,” on its exchange after engaging with authorities.

In a Twitter post on Nov. 13, Kraken said the accounts were frozen “to protect their creditors” and added it “maintains full reserves” and other users' funds aren’t affected, likely seeking to stamp out fears from users that the exchange might face liquidity issues due to the fund freeze.

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