Kraken Halts ACH Deposits and Withdrawals Following Silvergate Bank Bankruptcy
Cryptocurrency exchange Kraken has announced that it is experiencing difficulties with its Automated Clearing House (ACH) deposit and withdrawal channel, which is serviced through the failing Silvergate Bank. Cryptocurrency exchange Kraken announced the suspension of operations due to the fact that it still could not choose a new banking partner. “From March 27, Kraken customers will no longer be able to deposit via Plaid and withdraw funds via the ACH channel hosted by Silvergate. We…
