We have entered into an agreement with FTX Trading Ltd. (“FTX”) and its affiliated debtors (the “FTX Debtors”) to help distribute recoveries to retail customers in supported jurisdictions, pursuant to FTX Chapter 11 approved by the United States Bankruptcy Court. Reorganization plan.
To ensure that clients receive funds at the start of distribution, they can complete the necessary steps through the FTX Debtors client portal (and select “Kraken”).
We were founded over 13 years ago on the belief that for crypto to thrive, it was imperative to create a trusted exchange. This was driven by our founder Jesse Powell’s experience helping Mt. Gox recover from a hack in 2011. The lack of controls and security standards seen prompted him to co-found the first exchange truly secure and professional crypto.
Since then, safety and customer service have been the cornerstones of everything we do. We have a long track record of setting industry standards and providing industry leadership by volunteering our resources to spare funds.
To demonstrate that we support customer account holdings with fully reserved in-kind assets, we launched the Proof of Reserves process in 2014 and committed to implementing it regularly since January 2022. In 2014, we We were asked to support the investigation following the collapse of Mt. Gox and in 2024 we were selected to support the distribution of funds to Mt. Gox creditors.
These materials are intended for general information purposes only and do not constitute investment advice or a recommendation or solicitation to buy, sell, stake or hold any crypto-asset or to engage in any trading strategy. specific trading. Kraken does not and will not endeavor to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are regulated and others are not; In any event, Kraken may or may not be required to be registered or otherwise authorized to provide specific products and services in each market, and you may not be protected by government compensation programs and/or regulatory protections. The unpredictable nature of crypto-asset markets can result in losses of funds. Tax may be payable on any returns and/or increases in the value of your cryptoassets and you should seek independent advice on your tax situation. Geographic restrictions may apply. View legal notices for each jurisdiction here.
